Index loses 24.16 points

Profit taking in late hours eroded the intra-day gains and the benchmark KSE-100 index finally closed at 7,051.77 points level with a net loss of 24.16 points on Thursday. The market opened on a positive note and the index hit 7,142.97 points at intra-day high level, up by 67.04 points, however, the index could not sustain that level due to profit taking.