Stocks Observer. com

KARACHI: The benchmark KSE-100 Index at Karachi Stock Exchange (KSE) dipped by 12 points to close at 7,039 on Friday. The stock market began its today’s journey in green territory but later selling in cement and banking scrip’s eroded the early hour gains and the major Index closed in the red zone. The market turnover stood at 90 million shares today. OGDC was today’s star performer in terms of volume which gained paisa’s 60 to close at Rs74.90. KSE-30 Index finished the day 42 points down to 7,450. Invitation for membership: Meanwhile, Karachi Stock Exchange (KSE) has invited bids for the purchase of membership rights of the exchange from eligible individuals, corporate bodies, and financial institutions and banks (both local and foreign). According to KSE here Friday, the bids can be sent to KSE by July 3, 2009. According to sources, KSE has plan to expand its membership to broaden the base of the premier stock exchange of the country.