| Bears dominate as KSE sheds 50 points |
Updated at: 1827 PST, Wednesday, January 20, 2010 KARACHI: Bull-run came to a halt on Wednesday as benchmark-100 index continued to flirt with 10,000 level.After Tuesday's detailed verdict on NRO, trading commenced on a negative note. However, trading ascended north as robust investor sentiment pushed KSE-100 to intraday high of 10,012 level. Following footsteps of yesterday’s trend, market soon corrected amidst selling pressure emanating from financial institutions looking to book gains at such high levels. Blast in Peshawar further added to the woes as index slid south breaching 9,900 level at one point. The KSE-100 index finally closed at 9,904 points, down 50 points. Today’s healthy volume of 296 million shares, highest since October 2009, further validates vibrancy of investor sentiments at local bourses. Lotte Pak was crowned as the volume leader, down by Rs0.10/share to close at 10.24. Meanwhile, junior KSE-30 index closed at 10,441 points with a loss of 62 points. Experts said local bourse may continue to stay uneven in the upcoming sessions. |
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