KSE remained range-bound this week

Posted by on May 18, 2011 | Leave a Comment

KARACHI: Karachi Stock Exchange (KSE) in the week ended on Friday witnessed range-bound activity but managed to close 87 points up at 11,967, Geo News reported.

The stock market started this week with positive numbers and at one stage touched the height of 12,100 points level. But the gains were eroded due to the uncertainties regarding the upcoming federal budget and in the wake of Pak-US relations becoming further strained.

The average trade volume stood at 52 million shares with Jehangir Siddiqui topping the list of volume leaders.

The younger KSE-30 Index gained 82 points this week to finish at 11,615.
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