Stocks Observer. com

The Karachi stock market remained on a negative note on the first day of the New Year Thursday, as investor’s were cautious in the wake of continuation of selling activities by the distressed brokers and institutions, analysts said. The Karachi Stock Exchange (KSE) 100-share index lost 111.83 points to close at 5,753.18 points as compared to 5,865.01 points traded in the previous session. The KSE 30 index shed 143.36 points and closed at 5,341.97 points as against 5,485.97 points of the previous session. The KMI 30 index also declined by 41.88 points to close at 6,661.58 points as compared with 6,703.46 points of the previous session. The market turnover went up by 4.13 percent and traded 75.43 million shares as compared to previous session’s 78.68 million shares. The overall market capitalisation decreased by 1.66 percent to close at Rs 1.827 trillion as compared with Rs 1.858 trillion traded in the previous session. Out of 230 active companies, 106 closed in positive zone, 114 in neg...