Monday, February 9, 2009

Profit taking at KSE erodes 24 points


KARACHI: Profit taking at Karachi Stock Exchange (KSE) eroded 24 points from benchmark KSE-100 Index which closed at 5,735 on Monday.

According to market analysts, investors went for profit taking after one week’s improvement in stock prices witnessed throughout the last week. However, market remained somewhat stable due to investors buying in oil and gas and banking sector.

OGDC remained ahead of all shares in terms of volume which gained paisas 5 to close at Rs50.05. NBP slipped Rs2.41 to close at 63.27.

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