RECORDER REPORT, KARACHI: The KSE-100 index on Friday declined by 62.53 points and closed at 11,125.35 points level due to selling from both local and foreign corridors.
The market opened on positive note on the back of fresh buying in fertilizer sector stocks and the index hit 11,265.94 points intra-day high level.
However, selling mainly in banking and oil sector stocks forced the index into negative zone at 11,075.40 points intra-day low level.
Trading volumes at the ready counter remained thin at 39.043 million shares due to absence of the investors.
Total market capitalization declined by Rs 14 billion to stand at Rs 2.893 trillion. Of the total 306 active stocks, 105 closed in negative and 96 in positive while the value of 105 scrips remained unchanged.
Copyright Business Recorder, 2011
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