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Thursday, January 28, 2010

KSE falls below 9,600 level, sheds 24 points

KSE  falls below 9,600 level, sheds 24 points KARACHI: The local bourse witnessed another depressing session on Thursday as benchmark-100 lost 24 points to close at 9,580 points.

The stock market kept moving in both directions throughout the session. Index once dropped to 9,400 levels, however, institutional interest in oil & gas and fertilizer sectors helped benchmark recovering from deep red to moderate zone.

Total market turnover inched up to 180 million shares. Once again, Lotte Pak was crowned as the volume leader, down by Rs0.30/share to close at Rs10.37.

Stock experts said financial results could bring extraordinary change in the market sentiments.

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