Roundup: KSE ends Jan. on bullish note
Xinhua, January 30, 2015 Adjust font size:
Pakistan's Karachi Stock Exchange (KSE) recorded bullish trading activities on Friday to complete a rewarding first month of Calendar Year 2015 as investors remained upbeat on the recently reduced key discount rate.
The benchmark KSE 100-Index swelled by 0.1 percent or 35.13 points to 34,443.87 points on Friday as against 34,408.74 points reported on Thursday.
During the week that ended on Jan. 30, the key index augmented by 417.28 points with four out of five trading sessions ending in green zone.
The KSE All Share Index gained 0.17 percent or 41.34 points to 24,730.26 points, the KSE 30-Index decreased by 0.28 percent or 61. 7 points to 22,291.68 points, whereas the KMI 30-Index increased by 0.08 percent or 42.19 points to 53,901.99 points.
During Friday's trading session, the main index touched an intraday high of 34,620.53 points as against an intraday low of 34, 348.23 points.
Market volumes surged by 142.194 million shares to 348.782 million shares on Friday when compared with 206.588 million shares posted on Thursday. The capitalization jumped by 12.808 billion rupees (128.083 million U.S. dollars) to 7.798 trillion rupees (77. 984 billion U.S. dollars), whereas the trading value bolstered by 8.967 billion rupees (89.679 million U.S. dollars) to 23.638 billion rupees (236.382 million U.S. dollars).
During the week that ended on Friday, the top Pakistani bourse recorded total volumes of 1.492 billion shares at average daily turnovers of 298.492 million shares.
Among 352 active scrips on Friday, prices of 171 issues advanced, 161 declined, whereas values of 20 other issues stayed unchanged.
Fauji Fertilizer Bin Qasim Limited, Fauji Cement and Pak Elektron Limited were the top traded companies of the day with turnovers of 22.456 million shares, 22.340 million shares and 21. 047 million shares, respectively.
Rafhan Maize was the top price gainer with increment of 346.88 rupees (3.46 U.S. dollars) to 11,646.88 rupees (116.46 U.S. dollars) whereas Wyeth Pakistan Limited led the major price shedders with decrement of 199 rupees (1.99 U.S. dollars) to 3,811 rupees (38.11 U.S. dollars). Endi