| GEO Business|
| KSE this week traded sloppy|
| Updated at: 1515 PST, Saturday, April 25, 2009|
KARACHI: Karachi Stock Exchange (KSE) this week remained subdued, which saw the index sliding down to 7600 levels.
Trading in the market this week opened positive and on one occasion the index had breached 8000 points, following announcement of the cut in interest rate by the State Bank in its monetary policy. But, meanwhile, the deteriorating law and order situation struck the market that sent a message of caution to the investors unleashing three consecutive days of downbeat dragging down the index to 7200 levels.
However on the last day of the week, better financial results of some companies gave a support to the market, as the trading wrapped up with KSE-100 index at 7621 points, down by 174. Average turnover this week worked out to 330 million.
Analysts are of the opinion that the market could witness mixed trend in the upcoming week.