Stocks Observer. com

Range-bound activities dominated the trading session at the Karachi stock market on the first trading day of the week Monday, but the market managed to close in the green zone. Analysts said despite strong opening, the market failed to sustain its fast pace during later part of the trading session. The Karachi Stock Exchange (KSE) 100-share index gained a modest 17.53 points or 0.25 percent to close at 7,057.26 points as compared to 7,039.73 points of the previous trading week. The KSE 30share index also gained 31.05 points and closed at 7,479.08 points as compared with 7,448.03 points. However, the KMI 30 index also lost 5.13 points to close at 10,535.55 points as against 10,540.68 points. The day’s trading was marked by yet another low volume. The market turnover increased by 1.49 percent and traded 98.40 million shares as compared to previous session’s 96.95 million shares. The overall market capitalisation gained 0.14 percent to close at Rs 2.091 trillion as compared with Rs 2.088 ...