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Roundup: KSE posts 2nd straight fall ahead of MPS release

Xinhua, January 23, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bearish trading activities for second straight day on Friday as investors acted cautious ahead of the monetary policy statement (MPS) announcement at the weekend.

The benchmark KSE 100-Index declined by 0.35 percent or 120.38 points to 34,026.59 points on Friday as against 34,146.97 points recorded on Thursday.

During the week that ended on Jan. 23, the main index gained 240.15 points with three out of five trading sessions ending in green zone.

The KSE All Share Index dipped by 0.21 percent or 52.28 points to 24,544.87 points, the KSE All Share Index fell by 0.46 percent or 101.89 points to 22,104.36 points, whereas the KMI 30-Index decreased by 0.79 percent or 425.37 points to 53,107.48 points.

During Friday's trading session, the key index touched an intraday high of 34,194.93 points as against an intraday low of 33, 978.30 points.

Market volumes slumped by 80.490 million shares to 227.289 million shares on Friday as against 307.779 million shares posted on Thursday, the capitalization reduced by 15.882 billion rupees ( 158.826 million U.S. dollars) to 7.740 trillion rupees (77.403 billion U.S. dollars), whereas the trading value depleted by 1.434 billion rupees (14.345 million U.S. dollars) to 13.634 billion rupees (136.345 million U.S. dollars).

During the week under review, the top Pakistani bourse witnessed total volumes of 1.511 billion shares at average daily turnovers of 302.344 million shares.

Among 369 active scrips on Friday, prices of 212 issues decreased, 139 advanced, whereas values of 18 other companies stayed unchanged.

Pak Elektron Limited, Jahangir Siddiqui Company Limited and Karachi Electric Limited were the top traded companies with turnovers of 20.321 million shares, 13.084 million shares and 11. 095 million shares, respectively.

Indus Motor Company was the top price gainer of the day with increment of 48.50 rupees (48.50 U.S. cents) to 1,075.15 rupees ( 10.75 U.S. dollars) whereas Unilever Foods led the major price shedders with decrement of 100 rupees (1 U.S. dollar) to 8,600 rupees (86 U.S. dollars). Endi