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Roundup: Karachi bourse dips 0.43 pct to end below 33,800 points

Xinhua, February 16, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bearish trading activities on Monday as investors resorted to book their holdings after previous trading day's bullish trend which forced the main index to shed 33,800 points despite breaching 34,000 points during intraday trade.

The benchmark KSE 100-Index declined by 0.43 percent or 146.76 points to 33,796.44 points on Monday when compared with 33,943.20 points recorded on Friday.

The KSE All Share Index decreased by 0.31 percent or 75.47 points to 24,430.71 points, the KSE 30-Index reduced by 0.35 percent or 76.48 points to 21,919.78 points, whereas the KMI 30- Index dipped by 0.04 percent or 19.09 points to 54,455.82 points.

During Monday's trading session, the key index touched an intraday high of 34,032.83 points as against an intraday low of 33, 633.01 points.

Market volumes slumped by 72.625 million shares to 177.063 million shares on Monday when compared with 249.689 million shares posted on Friday, the capitalization slipped by 22.355 billion rupees (223.555 million U.S. dollars) to 7.707 trillion rupees (77. 072 billion U.S. dollars), whereas the trading value fell by 4.758 billion rupees (47.589 million U.S. dollars) to 9.998 billion rupees (99.983 million U.S. dollars).

Among 361 active scrips on Monday, prices of 213 issues depleted, 124 advanced, whereas values of 24 other companies stayed unchanged at previous week's levels.

Pakistan International Airlines, Fauji Cement, and Jahangir Siddiqui Company Limited were the top traded companies of the day with turnovers of 17.986 million shares, 16.289 million shares, and 15.875 million shares, respectively.

Island Textile was the top price gainer of the day with increment of 38.78 rupees (38.78 U.S. cents) to 838.78 rupees (8. 38 U.S. dollars) while on the other hand Wyeth Pakistan Limited led the major price shedders with decrement of 190 rupees (1.9 U.S. dollars) to 3,621 rupees (36.21 U.S. dollars). Endi