KSE continues to witness dull activity

KARACHI: The 100-Index of Karachi Stock Exchange(KSE) closed unchanged at 9,187.10 on Friday amid lack of interest.The turnover volume was low at 56,000 shares as four scrips recorded gains while one sustained loss and two remained unchanged out of a total of only 7 companies.The market capitalization was eroded by Rs 8.542 million to Rs2.808 trillion.Dealers said that trading volume was down again due to lack of interest coupled with the fear of lifting of price flouring on December 15, 2008 on the instruction of SECP.National Assets was the volume leader with a turnover of 39,500shares followed by Saritow Sp 6,000 shares, Pak PTA 5,000 shares, JOV& Co 2,000 and Habib-ADM Ltd 2,000 shares and UDL Modaraba 1,000 shares.Habib-ADM Ltd closed at 9.63, Pak PTA 3.18, Saritow Sp 1.50, JOV& Co 21.12 and UDL Modaraba 3.07.Taxila Engg recorded the highest gains of Rs 1 to 5.46 and Saritow Sp moved up by 14 paisa to 1.50 while Habib-ADM Ltd dipped by6 paisa to 9.63.