GupShup, Pakistan Discussion Forum, Urdu Poetry, Send Free SMS to Pakistan, Free Urdu Courses, IT News, Pakistan Politics
 
HomeSend Free SMSCalendarFAQSearchRegisterMemberlistLog inContact Us

Share | 
 

 Closing: KSE-100 loses early gains, closes at 31779.75pts

View previous topic View next topic Go down 
AuthorMessage
saeed111
Junior Member
Junior Member


Warning :
Male
Capricorn
Number of posts : 365
Age : 34
Location : pakistan
Reputation : 0
Points : 1095
Registration date : 2014-10-22

PostSubject: Closing: KSE-100 loses early gains, closes at 31779.75pts   Thu 11 Dec 2014, 12:32 pm

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost just 1.90 points or 0.01 percent to close 31779.75 points and volume of 156,845,190 shares on Thursday.
The market opened at the overnight closing on a positive note after the government announced hold talks with Pakistan Tehreek-i-Insaf which rekindled the hope for an amicable resolution of the political unrest that had seen violent clashes and war of words.
Stocks cheered up at the thaw in ‘political standoff’ and not only recouped overnight losses but crossed 32,000 points level to climb up to 32076.33 points with handsome gains of 294.68 points or 0.93 percent till midday on Thursday.
It market have a field day as it gathered momentum to take the benchmark KSE 100-index to 31,913.82 points with a gain of 132 points or 0.42 percent in early trading. The investors appeared enthusiastic and confident and went on plucking blow cherries, giving impetus to the bullish trend.
It is to be noted that the Karachi Stock Exchange showed resilience after a taking a plunge of 302.51 points or 0.94 per cent to close at 31,781.65 points on Wednesday.
As a whole 27.84 per cent of companies witnessed increase in their shares while 28.67 per cent lost their share value and 3.13 percent companies remained stable.
High and Low were 32076.41 and 31755.28 respectively. Total volume traded in the market was 156,845,190 shares.
On Wednesday investor sentiment dampened midday as noise on the political front seemed to get louder. The initial index gains of 100 points dissipated as panic-prone investors rushed to book profit sending shares reeling down.
The sinking of international oil prices to five-year low triggered selling in the oil and gas sector as energy experts said things Analysts said that that worsening situation on the political front pushed investors to opt for profit booking and move to the sidelines.
Back to top Go down
View user profile
 
Closing: KSE-100 loses early gains, closes at 31779.75pts
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
pagesPK.com :: 
PPK Hungama
 :: Business & Economy
-
Jump to:  

View My Stats
Powered by © phpBB Version 2.0

Copyright © 2011 - 2013 pagespk.com All Rights Reserved

Copying of any contents of pagespk.com is strictly prohibited
Please send an email to administrator "pagespk@live.com" from your official email address if you believe that any content should not be on this site, Thanks.
| Contact Us | Advertise With Us | Privacy Policy | Terms & Conditions | Disclaimer | Send Free SMS to Pakistan - Send Fast SMS to Pakistan | new year sms |

| Canon Lenses Pakistan |