Modest volume keeps market flat ahead of Eid holidays

The last day of business activity on Friday, volume again remained modest and business activities in KSE remained unimpressive, dull and flat throughout the day and kept limited and dry ahead of Eid holidays while modest trading put the market survival hopes dashed whereas benchmark KSE 100-index witnessing no change closed at 9,187.10 points.

The market capitalization was eroded by Rs 466 million to Rs 2.817 trillion.According to Chairman SCEP Raizur Rehman, it has been decided to remove floor mechanism from KSE while measures are being taken to control the risk of the market.Analysts and brokers are of the view that trading volume dipped again on lack of interest among investors ahead of Eid holidaysHaydery Construct was remained leader volumewise on Friday trading while in KSE business, four scrips recorded gains, four sustained losses and five remained unchanged out of a total of only 13 companies.Hayderi Construction scrip led the market with a turnover of 10,000 shares.

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