Stocks Observer. com

Investors went for profit-taking at the Karachi stock market as the previous bullish trends have made the share prices of most of the scrips attractive, analysts said on Monday. They said that despite opening in the green zone at the start of the trading session, the 100-share index failed to maintain its upward momentum. The Karachi Stock Exchange (KSE) 100-share index shed 23.69 points to close at 5,573.48 points as compared to 5,597.44 points traded in the previous session. The KSE 30 index also shed 3.95 points and closed at 5,630.83 points as compared with 5,634.78 points of the previous session. KMI 30 index also shed 132.64 points and closed at 7,268.23 points as against 7,400.87 points of the previous session. The market turnover decreased by 5.27 percent and traded 174.05 million shares as compared to previous session’s 183.74 million shares. The overall market capitalisation fell 0.51 percent to close at Rs 1.755 trillion as against Rs 1.764 trillion traded in the previous se