KSE-100 Index plunges below 7,000 level

admin — Thu, 21 May 2009 19:13:55 +0000

KARACHI: Karachi Stock Exchange (KSE) on Thursday witnessed selling and the benchmark KSE-100 Index slid 91 points to close at 6,996. Market opened downbeat and selling pressure dominated the share market throughout the session, bringing the major Index down to the current level. At one point the Index plunged to 6,840 points but a statement from the Finance Advisor about imposition of no new tax on the stock market helped the share prices recover to some extent. The market turnover was recorded at 110 million shares. Admajee Insurance was today’s volume leader which gained Rs3.84 to Rs78. Market analysts foresee short recovery in the capital market in the coming sessions.

KSE under selling pressure on thursday

admin — Fri, 15 May 2009 14:11:02 +0000

KARACHI: Selling pressure continued at Karachi Stock Exchange (KSE) on Thursday as the benchmark KSE-100 Index lost 100 points to close at 7,142. The stocks began in the positive territory but later selling in banks and energy scrips led the share market to the red zone and the 100-Index closed 100 points down to the current level. The market turnover was recorded at 110 million shares today. Bosicor Refinery stood out as volume leader which gained paisas 90 to close at Rs8.26.

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KSE-100 Index plunges below 7,000 level

KSE under selling pressure on thursday