Stocks Observer. com

The Karachi stock market closed slightly higher on Friday as most investors kept to the sidelines. Analysts attributed the lack lustre trading to the critical security situation in the country and limited activity by retail and institutional investors. The Karachi Stock Exchange (KSE) 100-share index was slightly up by 3.85 pts or 0.05 percent to close at 7,129.51 points as compared to 7,125.66 points of the previous session. The KSE 30-share index surged 40.77 points and closed at 7,602.13 points as compared with 7,561.36 points. The KMI 30 index was slightly down by 0.65 points to close at 10,034.13 points as against 10,034.78 points. Analysts said mixed activity was witnessed during the trading session as uncertainty loomed over repercussions of Prime Minister Gilani’s call for intense offensive against militants of Swat and Malakand. Very thin volume of 100 million shares were traded during the session indicating cautious approach by investors, as they are not prepared to take any