Low volumes of trade at KSE

Express May 15, 2010

KARACHI: The Karachi Stock Market saw low exchange volumes this week with Friday's 64 million-share trade taking the lead.

The KSE-100 Index closed 8 points down into the red zone at the clsoe of the second session on Friday.

Bank of Punjab, PTCL, TRG, Lafarge, OGDC were the most active scripts this week.

Analsyst say the 100-Index shed 8 points after expectations of a cut in discount rate by the SBP came down.

The KSE-100 Index closed at 10,271 to wrap-up the week.

Foreign Investment was more active in the market though.

The All-Share Index also shed about 8 points to close at 7,221 on Friday.

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