Wednesday, September 16, 2009

KSE-100 Index sustains 9,000 level

KARACHI: Profit taking at Karachi Stock Exchange (KSE) on Tuesday eroded 45 points from the benchmark KSE-100 Index which closed at 9,029.
The major Index witnessed ups and downs right from the beginning during today’s trade.
Foreign investors off loaded their holdings in energy stocks and at one point the Index was seen below 9,000 level. However, later reports of oil and gas discovery helped the stock market some of the losses and the Index closed at the current level.
The trade volume stood at 170 million shares.Bank of Punjab was today’s volume leader which gained 74 paisas to close at Rs14.90.
KSE-30 Index slipped 64 points to peg at 9,611.

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