Stocks Observer. com

Mixed activity was witnessed in overbought market as investors preferred booking profits in banks and fertilizer sectors while KSE 100-index shed minimal 4 points to close at 7,716.99 points on Monday. Oil sector, however, remained in limelight as international oil prices shoot near to $70 and oil exploration/production companies were set to increase earnings by 15 percent in fiscal year 2008-09. Moreover, cement sector showed positive performance on record exports and expectations of record result announcements this week. The KSE 100-index opened with green numbers on the board, gaining 28.02 points and narrowly missed the opportunity to close the day in green zone. Index shed nominal 3.94 points to close the day closed at 7,716.99 points on Monday. Trading activity was unhealthy as compared to the last trading session. The ready market volume decreased to 127.459 million shares as compared to last trading session’s 141.204 million shares. Total trading value of the market inched up