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Roundup: Karachi bourse rebounds to hit fresh all-time peak

Xinhua, January 14, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) rose from the latest wave of profit-booking on Wednesday to close at a fresh all-time high over 33,500 points as institutional buying was witnessed in Engro Corporation.

The benchmark KSE 100-Index surged by 0.64 percent or 214.46 points to 33,585.75 points on Wednesday when compared with 33,371. 29 points recorded on Tuesday.

The KSE All Share Index gained 0.47 percent or 114.78 points to 24,366.38 points, the KSE 30-Index increased by 0.54 percent or 116.76 points to 21,703.9 points, whereas the KMI 30-Index swelled by 0.38 percent or 201.3 points to 52,631.15 points.

During Wednesday's trading session, the key index touched an intraday high of 33,629.13 points as against an intraday low of 33, 371.29 points.

Market volumes augmented by 104.555 million shares to 383.560 million shares on Wednesday as against 279.005 million shares posted on Tuesday, the capitalization improved by 36.493 billion rupees (364.939 million U.S. dollars) to 7.686 trillion rupees (76. 861 billion U.S. dollars), whereas the trading value jumped by 4. 541 billion rupees (45.416 million U.S. dollars) to 17.748 billion rupees (177.483 million U.S. dollars).

Among 404 active scrips on Wednesday, prices of 238 issues advanced, 147 declined, whereas values of 19 other companies stayed unchanged.

Jahangir Siddiqui Company Limited, Pakistan International Airlines, and Pak Elektron Limited were the top traded companies with turnovers of 30.628 million shares, 29.093 million shares, and 21.137 million shares, respectively.

Rafhan Maize was the top price gainer with increment of 250 rupees (2.50 U.S. dollars) to 11,750 rupees (117.50 U.S. dollars) while on the other hand Sapphire Textiles led the major price shedders with decrement of 17.09 rupees (17.09 U.S. cents) to finish the day at 470 rupees (4.7 U.S. dollars). Endi