Saturday 31 March 2012

Profitbooking tones down trade at KSE


KARACHI: Stocks at the apex capital market ended lower in dull trade on Thursday as cautious investors choose to book profits ahead of Friday's public holiday, dealers said.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.15 percent, or 19.85 points, lower at 13,273.29 points.

Volume fell to 103 million shares, compared with 266 million traded on Wednesday.

"Due to the long weekend, investors preferred to remain on the sidelines and volume remained confined towards small cap stocks such as JSCL (Jahangir Siddiqui Co Ltd) and ANL (Azgard Nine)," said Samar Iqbal, a dealer at Topline Securities.

Volume leader JSCL ended 5.38 percent higher at 19.58 rupees and ANL closed 14.53 percent higher at 7.88 rupees. (Reuters)

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