KSE-100 Index slips 51 points

KSE-100 Index slips 51 pointsKARACHI: The local stocks market witnessed profit taking on Wednesday as the benchmark KSE-100 Index decline by 51 points to close at 10,590.

Today’s trade began in the green zone but later selling in energy and banking sectors switched the Index into the negative mode. At one point the Index witnessed the intra-day low of 10,529 points. However, announcement of strong financial results by MCB provided support to the share market and the Index finished at the current level.

The market turnover was recorded at 145.5 million shares with Maple Leaf Cement topping the list of volume leaders at Rs5.08, up paisas 38.

On the other hand, KSE-30 Index slid 72 points to peg at 10,740.

Source: http://www.geo.tv/Business.htm

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