Saturday 31 March 2012

Stocks prices end flat at KSE


KARACHI: Stock prices at Karachi Stock Exchange (KSE) ended almost flat on Monday as investors booked profits in blue chip companies such as Oil and Gas Development Co Ltd (OGDCL) but bargain hunters accumulated shares of middle-tier companies, dealers said.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.10 percent, or 13.44 points, higher at 13,286.73 points.

Volume rose to 278 million shares, compared with 103 million traded on Thursday. Friday was a public holiday.

"Stocks closed higher amid investor interest in second and third tier stocks," said a stock dealer.

Volume leader Azgard Nine ended 12.71 percent higher at 8.87 rupees and TRG Pakistan closed 10.78percent higher at 4.42 rupees. (Reuters)

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