Weekly analysis of Karachi Stock Exchange
Pakistan Times Business & Commerce Desk

KARACHI: Despite all positive news, Karachi Stock Exchange (KSE) 100-index could not cross 11,000-point psychological limit and the 100-index closed at 10,924 with a slight decrease of three points.

The whole week, the stock market went through mixed trends.

The banking and oil and gas sectors attracted the trading activity owing to the news of receipt of $700 million bid for MCB Bank GDR listing and PPL which was thought to have received license for oil exploration in Arabian Sea.

OGDCL was the volume leader, which closed at Rs137.20 up 2.65.

The scrips of MCB Bank and National Bank of Pakistan remained in limelight and closed at Rs266.80 down Rs7.80 and Rs268.95 down Rs2.55 respectively.

At the end of this week, KSE30-index closed at 13441 down 173 points.●