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Closing: KSE-100 slightly down as vigilant trading takes back 32,000pts status

Closing: KSE-100 slightly down as vigilant trading takes back 32,000pts status

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 28.46 points or 0.09 percent to reach 31971.55 points and volume of 151,928,690 shares on last day of trading, Friday.

Earlier, stocks continued moving upward in a confident manner and KSE 100-index gained 129.25 points or 0.40 percent to reach 32,129 points in early trading. The market opened at yesterday’s closing of 32,000 points and kept on upward march, boosting confidence of the investors and kept the score tally ticking.

Though Karachi Stock Exchange lost most of early gains, it remained above 32,000 mark and the benchmark sustained 7.70 point or 0.02 percent to stay at 32007.71 points till midday trading.

As a whole 23.97 per cent of companies witnessed increase in their shares while 29.56 per cent lost their share value and 3.28 percent companies remained stable.

High and Low were 32141.74 and 31933.30 respectively. Total volume traded in the market was 151,928,690 shares.

Experts and analysts are optimistic that the buoyancy would continue keeping various factors in view, especially the falling crude world prices.

They hoped that the benchmark 100-index would be able to cross the new high of 33,000 points.