KSE MARKET SUMMARY 02 January 2013

The New Year kicked off on a bearish note after benchmark kissed the 17k level. During the first day of the year benchmark lost 110 points with volumes of around 120mn shares traded. The major chunk of the volume was generated by low cap stocks while top tier stocks remained out of limelight. Investors preferred to book gains after KSE‐100 index kissed the 17k levels. GoP received USD 688mn last week from CSF fund which has created some berating space for the financial managers to play with.

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