Saturday, February 21, 2009

Profit taking squeezes 53 points from KSE


KARACHI: Profit taking at Karachi Stock Exchange (KSE) on Friday led the benchmark KSE-100 Index to lose 53 points and close below 6,000 level to 5,696.

The share market began its trade in the green zone but later profit taking took away the gains, suppressing the major Index to the present level.

The trade volume stood at 220 million shares.

OGDC was the star performer in terms of volume whose share price dipped by paisas 61 to close at Rs55.25.

Market analysts believe that resistance will be witnessed at 6,100 level.

No comments:

Post a Comment