Bourse slips from 7-week high

Saturday, 12 October 2013 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Stocks edged down from their seven-week highs on Friday, snapping a seven-session gaining streak, led by hotel shares like Asian Hotels and Properties PLC. The main share index slipped 0.17%, or 9.95 points, to 5,947.42. On Thursday, it had closed at its highest level since 22 August. Foreign investors were net buyers of Rs. 228.7 million ($ 1.74 million) worth of shares, extending the net buying so far this year to Rs. 21.46 billion. Shares in Asian Hotels and Properties PLC fell 6.67% to Rs. 70. Block deals in construction firm Access Engineering accounted for 46% of the day’s Rs. 1.02 billion turnover, more than this year’s daily average of about Rs. 872 million. Access Engineering closed higher 0.3%.