Friday, October 23, 2009
Bearish trend slows at KSE at weekend
7:22 PM | 
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KARACHI: The bears eased their grip on Karachi Stock Exchange (KSE) following announcement of strong financial results by Muslim Commercial Bank (MCB) on Friday.The benchmark KSE-100 Index closed just 3 points down to 9,151 on last trading day of the week.
The share market opened in the green zone and remained positive in the first trading session. The investors offloaded some of their holdings in the second session after the bomb blast in Peshawar. However, MCBs strong financial results brought support to the market and the major Index closed only 3 points down.
The trade volume was registered at 190 million shares.
Telecard was today’s star performer in terms of volume which lost paisas 5 to close at Rs2.50.
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