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Roundup: Pakistan's KSE keeps record-smashing rally alive

Xinhua, January 20, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) maintained the record-breaking spree on Tuesday as the key index scaled the fresh all-time historic high amid improved investors' participation mainly on anticipation of cut in key discount rate amid reduced inflation figures.

The benchmark KSE 100-Index gained 0.31 percent or 107.04 points to fresh all-time high of 34,121.30 points on Tuesday as against the previous record peak of 34,014.26 points posted on Monday.

The KSE All Share Index swelled by 0.21 percent or 51.49 points to 24,623.49 points, the KSE 30-Index increased by 0.44 percent or 96.33 points to 22,116.6 points, whereas the KMI 30-Index surged by 0.65 percent or 345.09 points to 53,373.59 points.

During Tuesday's trading session, the key index touched an intraday high of 34,185.48 points as against an intraday low of 33, 893.17 points.

Market volumes improved further by 10.104 million shares to 315. 662 million shares on Tuesday as against 305.557 million shares reported on Monday, the capitalization augmented by 15.470 billion rupees (154.707 million U.S. dollars) to 7.764 trillion rupees (77. 645 billion U.S. dollars), whereas the trading value jumped by 3. 187 billion rupees (31.877 million U.S. dollars) to 18.747 billion rupees (187.477 million U.S. dollars).

Among 399 active scrips on Tuesday, prices of 207 issues declined, 172 advanced whereas values of 20 other companies stayed unchanged.

Pak Elektron Limited, Maple Leaf Cement and Jahangir Siddiqui Company Limited were the top traded companies with turnovers of 26. 672 million, 26.620 million, and 16.175 million shares, respectively.

Indus Motor Company was the top price gainer with increment of 44.33 rupees (44.33 U.S. cents) to 931.21 rupees (9.31 U.S. dollars) whereas Colgate Palmolive led the major price shedders with decrement of 39.03 rupees (39.03 U.S. cents) to 2,100 rupees (21 U.S. dollars). Endi