| GEO Business|
| Limited buying witnessed at KSE at weekend|
| Updated at: 2202 PST, Friday, May 15, 2009|
KARACHI: Selling pressure eased on some buying inleading scrips at Karachi Stock Exchange (KSE) Friday as 100-Indexsurged by 35.22 points to close at 7,177.64.
The trade volume was low at 121.315 million shares as prices of 110 sustained losses while 159 recorded gains and 23 remained unchanged.
A dealer at a leading brokerage house said that the market was volatile in the first session as Index dipped on selling pressure but went up on buying to cross 7200 level till the close of the session.
The market capitalization was improved by about Rs 10.284 billion to Rs 2.137 trillion.
Bank Al-Falah was the volume leader with a turnover of 11.629 million shares followed by DG Khan Cement 11.392 million shares, Jahangir Siddiqui Co 8.477 million shares, Bosicor Pakistan 7.774million shares and Bank of Punjab 6.560 million shares.
Pakistan Oilfields closed at Rs153.94, NBP Rs73.98, Bank Al-Falah Rs12.37, Jahangir Siddiqui Co Rs26.03, Bank of Punjab Rs13.39, D G KhanCement Rs23.78, MCB Bank RS172.76 and Bosicor Pakistan Rs8.09.
Wyeth Pak recorded the highest gain of Rs 50 to close at Rs1350followed by Siemens Pak which moved up by Rs 45.50 to Rs994 while Attock Petroleum dipped by Rs 6.72 to Rs294.32 and Glaxo SmithKline Pak went down by Rs 6.53 to Rs127.