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Roundup: KSE sheds 1.22 pct in 6th straight bearish session

Xinhua, February 12, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) reported sixth straight bearish day on Thursday as investors continued selling their positions in an overall bearish market following disappointing financial results by the listed companies.

The benchmark KSE 100-Index declined by 1.22 percent of 417.57 points to close below 34,000 points at 33,786.42 points on Thursday when compared with 34,203.99 points recorded on Wednesday.

The KSE All Share Index plunged by 1.25 percent or 309.22 points to 24,389.28 points, the KSE 30-Index slumped by 1.29 percent or 286.59 points to 21,846.34 points, whereas the KMI 30- Index slid by 0.76 percent or 417.29 points to 54,298.53 points.

During Thursday's trading session, the key index touched an intraday high of 34,237.20 points as against an intraday low of 33, 493.52 points.

Market volumes improved by 65.700 million shares to 324.102 million shares on Thursday as against 258.402 million shares posted on Wednesday, the capitalization reduced by 98.899 billion rupees (988.996 million U.S. dollars) to 7.693 trillion rupees (76. 930 billion dollars), whereas the trading value surged by 3.044 billion rupees (30.444 million dollars) to 19.073 billion rupees ( 190.738 million dollars).

Among 381 active scrips on Thursday, prices of 266 issues depleted, 89 advanced, whereas values of 26 other companies stayed unchanged.

Jahangir Siddiqui Company Limited, Pak Elektron Limited, and Pak Int Bulk were the top traded companies of the day with turnovers of 41.889 million shares, 23.919 million shares, and 15. 979 million shares, respectively.

Rafhan Maize was the top price gainer of the day with increment of 100 rupees (1 dollar) to 11,200 rupees (112 dollars) while on the other hand Nestle Pakistan led the major price shedders with decrement of 240 rupees (2.4 dollars) to 10,560 rupees (105.60 dollars). Endi