Monday, 11 June 2012

Market watch: Profit-taking emerges after four-day bullish run

KSE-100 index falls 24 points

KARACHI: After enjoying a 415-point increase in the last four sessions at the stock market, investors preferred to book profits at inflated levels on Tuesday.
The Karachi Stock Exchange benchmark 100-share index ended 0.19 per cent or 23.78 points lower at 12,658.16.
Major oil and banking stocks closed in the negative while fertiliser scrips showed mixed fortunes.
Among oil stocks, Pakistan Oilfields bore the brunt of selling pressure and fell 1.2 per cent

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