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Roundup: KSE bucks 4-day bullish spree after hitting 35k-mark

Xinhua, February 4, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bearish trading activities for the first time Wednesday after four days as investors offloaded their holdings at higher levels which forced the key index to give up 34,800 points.

The benchmark KSE 100-Index declined by 0.44 percent or 154.26 points to 34,672.25 points on Wednesday when compared with 34,826. 51 points posted on Tuesday.

The KSE All Share Index trimmed down by 0.43 percent or 106.79 points to 24,924.33 points, the KSE 30-Index declined by 0.54 percent or 121.09 points to 22,493.04 points, whereas the KMI 30- Index fell by 0.25 percent or 138.74 points to 54,706.29 points.

During Wednesday's trading session, the key index touched an all-time intraday highest peak of 35,055.94 points as against an intraday low of 34,594.80 points.

Market volumes improved by 38.282 million shares to 382.561 million shares on Wednesday when compared with 344.279 million shares recorded on Tuesday, the capitalization reduced by 33.715 billion rupees (337.159 million U.S. dollars) to 7.863 trillion rupees (78.631 billion U.S. dollars), whereas the trading value swelled by 1.608 billion rupees (16.080 million U.S. dollars) to 21.622 billion rupees (216.228 million U.S. dollars).

Among 387 active scrips on Wednesday, prices of 236 issues depleted, 131 advanced, whereas values of 20 other companies stayed unchanged.

Pak Elektron Limited, Pak Int. Bulk and Jahangir Siddiqui Company Limited were the top traded companies with turnovers of 36. 407 million shares, 33.085 million shares, and 27.460 million shares, respectively.

Nestle Pakistan was the top price gainer of the day with increment of 100 rupees (1 U.S. dollar) to 10,600 rupees (106 U.S. dollars) whereas Shezan International XD XB led the major price shedders with decrement of 39 rupees (39 U.S. cents) to 1,300 rupees (13 U.S. dollars). Endi