KARACHI As the investors preferred to book profits, high volatility continued at the Karachi Stock Exchange during initial trading on Friday, as the 100 index further declined to 33734.84 with a negative change of 27.96 points or 0.08 percent.
Similarly the market remained volatile to close at 33,763 levels down by 82.50 points or 0.24pc on Thursday. In banking sector, NBP remained in the limelight as the bank announced its year- end result, EPS of Rs7.06 and dividend of Rs5.5/share, in line with the expectations.
Meanwhile, future contracts rollover and weaker earnings outlook in oil, banking and cement sector on falling international oil prices, lower banking spreads and thin cement makers margins were witnessed.
An expert said that sentiments remained weak amid consolidation in blue chip stocks and institutional support in blue chip banking stocks after strong results and record cash payout announced by National Bank.
However, the High and Low were 33829.20 and 33734.26 while the total volume traded in the market was 25,784,370.
