KARACHI – The benchmark KSE-100 Index, in early trade till 10:36am on Friday, jumped to 33902.87 points after advancing by 116.45 points or 0.34 percent as compared to the last day when profit taking at Karachi Stock Exchange had dragged the index down by 229 points.
The investors opted out to go on profit-taking at the bourse. Correction wave continued at local bourse in spite of positive start of the trading session when it witnessed minor positive change. The investors preferred to book profits in overvalued stocks. Stocks such as cement, automobile and oil were seen in the limelight, experts say.
The High and Low were 33944.40 and 33784.58 respectively while total volume traded in the market was 37,192,200. At the market, the advance to decline ratio in the broader market remained in the favor of bears. Trading value at local bourse increased to Rs 12.1 billion against Rs 11.6 billion.
