KARACHI: Karachi Stock Exchange witnessed profit taking on Thursday, pulling away 66 points from the benchmark KSE-100 Index which closed at 6,608.Today’s trade began in the positive zone but later selling in banking and energy stocks switched the share market into bearish mode.The trade volume remained strong at 200 million shares.Nishat Mills emerged as today’s volume leader which lost Rs1.62 to close at Rs30.87.Market analysts foresee resistance at 5,500 level.Friday, March 27, 2009
Profit taking erodes 66 points from KSE
KARACHI: Karachi Stock Exchange witnessed profit taking on Thursday, pulling away 66 points from the benchmark KSE-100 Index which closed at 6,608.Today’s trade began in the positive zone but later selling in banking and energy stocks switched the share market into bearish mode.The trade volume remained strong at 200 million shares.Nishat Mills emerged as today’s volume leader which lost Rs1.62 to close at Rs30.87.Market analysts foresee resistance at 5,500 level.
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