KARACHI: Stocks at Karachi equities market were buoyed Tuesday by heavy buys of National Bank of Pakistan ahead of anticipated profits, dealers said. This was tempered, however, by heavy selling by gain-seekers, leaving the market practically flat at close.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.03 percent, or 4.44 points, lower at 12,739.22 points.
Turnover rose to 217.59 million shares, compared with 205.79 million shares traded on Monday.
"National Bank of Pakistan (NBP) with huge volumes closed at the upper limit in hope of better payout in its upcoming board meeting," said Samar Iqbal, a dealer at Topline Securities.
NBP, which is due to announce its full-year result in the coming days, ended 5 percent higher at 52.11 rupees. (Reuters)
REUTERS
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