The benchmark KSE 100-Index shed 0.28 percent or 58.88 points to close at 21,283.77 levels on Friday as against 21,342.65 levels reported on Thursday as local investors also followed the suit of foreign investors with major chunk of profit-selling was witnessed in cement, telecom and banking sectors but
During the week that ended on
The KSE 100-Index jumped by 277.11 points to end at 20,814.14 levels on Monday, augmented by 353.86 points to close at 21,168 levels on Tuesday, bolstered by 290.90 points to conclude at 21, 458.90 levels on Wednesday, declined by 116.25 points to close at 21,342.65 levels on Thursday, and dropped another 58.88 points to finish the weekly trade at 21,283.77 levels on Friday.
The to-and-fro movement continued in the choppy session and the main index entered the Friday's prayer break with an increase of 13 points at 21,355.66 levels.
The post-prayer-break session commenced on the bullish note and soon the main index scampered past the psychological 21,400 levels before going on to hit the intraday highest level of 21,421.01.
However, the foreign investors then resorted to sell holdings at intraday highs which hampered the overall market sentiments and the main index nosedived into the red column before hitting the lowest level of the day of 21,270.24. The last-gasp buying then helped the key index to close a little above the intraday lows.
The market volumes were reduced by 111.746 million shares to 361.227 million shares as against trading of 472.973 million shares recorded on Thursday as local investors adopted cautious approach after foreign investors decided to sell their holdings at record levels.
During the week that ended on Friday, the
The KSE recorded turnovers of 343.599 million shares on Monday, 443.639 million shares on Tuesday, 572.42 million shares on Wednesday, 472.973 million shares on Thursday, and 361.227 million shares on Friday.
During the week under review, the foreign investors did net buying of
During the month of May, 2013, the offshore investors have net invested a total of
In broader market, a total of 368 companies exchanged hands during the course of trading on Friday where prices of 192 issues advanced into the green zone, 161 fell into the bearish lap, whereas values of 15 other scrips stayed unchanged at previous day' s levels.
Bank of Punjab (R) was the top traded company on Friday with trading of 62.961 million shares in its scrip, followed by
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