Off the wire
• Tunisia announces coalition cabinet involving Islamist party  • Greek PM says to negotiate only within Euro, not turn to Russia  • Manchester hotels register record rise in room occupancy  • Debt-ridden Greece, Cyprus discuss economic issues  • Former Sri Lankan minister arrested over alleged fake document  • 1st LD: Egypt court sentences 183 Brotherhood supporters to death  • Major news items in leading German newspapers  • Chinese vice president congratulates Zambian counterpart on assumption of office  • Harry Kane signs new contract with Spurs  • Australia, UK reaffirm close partnership on security issues  
You are here: 　 Home

Roundup: Pakistan's KSE jumps 0.67 pct to hit new high

Xinhua, February 2, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) continued the record-smashing bullish rally on Monday as its key index closed at a fresh all-time peak above 34,600 points following smooth rollover last week coupled with lower January inflation and another cut in National Savings rates.

The benchmark KSE 100-Index jumped by 0.67 percent or 232.44 points to 34,676.31 on Monday when compared with 34,443.87 points recorded on Friday.

The KSE All Share Index ballooned by 0.61 percent or 150.50 points to 24,880.76 points, the KSE 30-Index surged by 0.91 percent or 202.5 points to 22,494.18, whereas the KMI 30-Index augmented by 1.12 percent or 601.54 points to 54,503.53.

During Monday's trading session, the key index touched an intraday high of 34,733.27 as against an intraday low of 34,443.87.

Oil price recovery also helped local oil exploration companies to post gains. Maple Leaf Cement and Pak Elektron Limited closed at their 5 percent upper limit.

Market volumes depleted by 21.178 million shares to 327.604 million shares on Monday as against 348.782 million shares recorded on Friday, the capitalization bolstered by 47.137 billion rupees (471.378 million U.S. dollars) to 7.845 trillion rupees (78. 455 billion U.S. dollars), whereas the trading value skidded lower by 2.542 billion rupees (25.422 million U.S. dollars) to 21.095 billion rupees (210.959 million U.S. dollars).

Among 392 active scrips on Monday, prices of 190 issues advanced, 175 declined, whereas values of 27 other companies stayed unchanged at previous week's levels.

Jahangir Siddiqui Company Limited, Pak Int. Bulk, and Karachi Electric Limited were the top traded companies with turnovers of 28.672 million shares, 22.202 million shares, and 20.272 million shares, respectively.

Archroma Pak XD was the top price gainer with increment of 28. 36 rupees (28.36 U.S. cents) to 597.43 (5.97 U.S. dollars) whereas Colgate Palmolive led the major price shedders with decrement of 72.74 rupees (72.74 U.S. cents) to 1,827.26 rupees (18.27 U.S. dollars). Endi