OGDC, MCB Keep Pakistan Stocks on Tight Leash
KARACHI: The oil giant, Oil & Gas Development Company Limited (OGDC) and Muslim Commercial Bank (MCB) Thursday brought Karachi Stock Exchange (KSE) down to a flat close,Media reported.
The benchmark 100-Index closed 0.04 percent, or 7.54 points, lower at 17,992.91 points.
The OGDCL lost 1.46 percent to Rs202.55, while MCB fell by 1.32 percent to Rs215.75.
Earlier in the day, the apex bourse saw a rally, which the pundits attributed to Muttahida Qaumi Movement's (MQM) withdrawal of an indefinite strike, which could have proved to be a definite trouble for the business activities in the financial hub of Pakistan.
However, the correction in the index heavyweights pared early gains leading to a bland close.
Business News
Courtesy:Geo News
