Thursday, 29 August 2013
Disappointing PSO dividend, cement cartel breakdown rumors hit KSE
KARACHI: The Karachi Stock Exchange (KSE) closed lower on Thursday, Geo News reportedBy the time of the closing bell the benchmark 100-Index lost 0.10 percent or 21.60 points to close lower at 22,214.73. Dealers said the dividend Pakistan State Oil Company Ltd’s (PSO) announced was way below market consensus, which poured cold water on the sentiment at the apex bourse.In addition to that the speculations that the cement cartel may fall apart kept the trading on a tight lease as investors
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