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KSE on profit taking sheds 125 points to wind up at 11032
Source: Geo Television Network E-Mail this News Story to a friend E-Mail this Story
Category: Business
Publication Date: Friday, July 25, 2008 15:40
News URL: http://www.geo.tv/7-25-2008/21423.htm
KSE on profit taking sheds 125 points to wind up at 11032 KARACHI: Following bull-runs for four consecutive days, Karachi Stock Exchange (KSE) investors today preferred selling the shares for profit taking, which saw the KSE-100 index plummeted by 125 points and closing at 11032.

The market carrying over its previous buoyant tendency opened on a positive note, but the investors appeared more focused on squaring July future contracts or changing them into August contracts, which witnessed selling spree in the market until the close of business today.

Turnover today recording a rise by 30 million shares as compared yesterday aggregated to 140 million shares. Volume leader D. G. Khan Cement shares swelled by Rs1.19 wrapped up at Rs60.25. Analysts said that some support could be seen in the market at 11,000 points.
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