Rough business activity at KSE
Updated at: 1831 PST, Wednesday, December 16, 2009
KARACHI: The KSE-100 index lost positive momentum on Wednesday as index fell below 9,300 psychological level.
Market started the day with green numbers and benchmark touched intraday highest level of 9,343 points, however, expected Supreme Court short order on NRO cases resulted in selling pressure at the end.
Stocks ended 12 points down at 9,253 points while turnover remained 146.7 million shares. Japan Power was crowned as the volume leader, up by Rs1/share to close at Rs2.83.
Meanwhile, parallel KSE-30 index closed at 9,761 points with a loss of 26 points. Experts said that market may continue to swing in upcoming sessions.
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