Lack of in­ter­est re­sults in slug­gish clo­sure of mar­ket

The Financial Daily - - FRONT PAGE -

Ghu­lam Raza Ra­jani

KARACHI: Mar­ket ob­served an over­all range bounded day trad­ing in range of plus mi­nus 200 points. Neg­a­tive clo­sure on pre­vi­ous day forced mar­ket to start in red zone see­ing de­cline of more than 100 points. Vague­ness re­gard­ing con­firm state­ment by China to sup­port curb bleak BOP of Pak­istan kept in­vestors away from this re­sulted in slug­gish end of day.

The bench­mark KSE-100 in­dex closed higher by 21.50 point to close at 41,388.88 points. KSE All Share In­dex in­creased by 26.91 to end at 29,935.26, KSE 30-In­dex dipped by 37.47 points to con­clude at 19,880.14, whereas KMI 30-In­dex en­hanced by 29.59 points to fin­ish the day at 71,270.96 level.

The ad­vance to de­cline ra­tio in the

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