Friday, June 4, 2010

Mixed trend at KSE ahead of budget

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GEO 436 KARACHI: The trading of shares at Karachi Stock Exchange (KSE) witnessed missed activity Friday, as the benchmark KSE-100 Index finished the day with 16 point up to 9,636. Today's trade began with green numbers which later turned red as investors opted for profit taking ahead of the announcement of Federal Budget 2010-11 on Saturday. This pushed the Index down to 9,543 points. However, later investment by financial institutions provided support to the Index which closed 16 points up at the current level. The market turnover was recorded at 90 million shares with Jehangir Siddiqui Company leading the list of actives at Rs12.53, up by paisas 45. Meanwhile, KSE-30 Index gained 30 points to close at 9,607.

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