Stocks Observer. com

KARACHI: The Karachi stock market wore a dull outlook on the first trading day of the week Monday as investors kept to the sidelines on fears that foreign selling may have a major impact on share prices. Analysts said the 100-share index, despite opening on a positive note failed to maintain its buoyant mood closing in the negative zone. The Karachi Stock Exchange (KSE) 100-share index shed 2.62 pts or 0.04 percent to close at 6,892 points as compared to 6,894.62 points of the previous trading session. The KSE 30-share index decreased by 23.06 points and closed at 7,291.05 points as compared with 7,314.11 points. However, the KMI 30 index gained 56.03 pts to close at 10,305.21 points as against 10,249.18 points. Analysts said lacklustre activities prevailed in the market, which is evident from the poor turnover of 96 million shares witnessed during the trading session. The market turnover went down by 22.90 percent and traded 96.41 million shares as compared to previous session’s 125.0...

Attock Refinery Ltd has convened an extra-ordinary general meeting on June 29, 2009, to take decision on increasing share capital to Rs 1.5 billion and making an investment in an associated company. According to financial results of the company dispatched to Karachi Stock Exchange here Monday, the meeting will also elect seven new directors and issue 50 million ordinary shares at Rs 10 each. Besides, the meeting will also take decision on making an investment in this associated company Attock Gen Ltd.