Virtual Position Forum
Please register to watch content in detail
Thanks
Admin virtual position


Join the forum, it's quick and easy

Virtual Position Forum
Please register to watch content in detail
Thanks
Admin virtual position
Virtual Position Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

KSE 100-index ends 0.14 points higher

View previous topic View next topic Go down

GMT + 3 Hours KSE 100-index ends 0.14 points higher

Post by Noor Bangash Thu Sep 15, 2011 3:28 pm

[You must be registered and logged in to see this image.]


KARACHI: The Karachi Stock Exchange's (KSE) benchmark 100-share index on Monday ended 0.14 points higher at 12,045.38 points. Turnover was 77 million shares compared with 67.05 million on Friday.

Stocks ended flat despite the implementation of a margin trading system on March 14, as investors showed caution after a global sell-off that followed Japan's devastating earthquake, dealers said.

"Bearish activity was witnessed on limited institutional and foreign interest, after uncertainty caused by the disaster in Japan and geopolitical concerns in Libya," said Ahsan Mehanti, director at Arif Habib Investments Ltd.

Japan's Nikkei stock average fell more than 6percent.

In the currency market, the rupee ended at 85.49/54to the dollar, compared with Friday's close of 85.33/39, because of a rise in import payments, but dealers said it was likely to steady in the coming days because of remittances.

Remittances rose by 20 percent to $6.96 billion in the first eight months of the 2010/11 fiscal year, compared to the same period the previous year.

In the money market, overnight rates fell to between 13percent and 13.50 percent, compared with Saturday's close of13.90, after the State Bank of Pakistan bought government paper worth 23 billion rupees ($269 million) to inject liquidity into the interbank market. (Reuters)
Noor Bangash
Noor Bangash
Monstars
Monstars

Aquarius Horse
Posts : 868
Join date : 2011-07-13
Age : 34
Disagree

Character sheet
Experience:
KSE 100-index ends 0.14 points higher  Left_bar_bleue500/500KSE 100-index ends 0.14 points higher  Empty_bar_bleue  (500/500)

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum