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Roundup: KSE close to 34k points after 2nd straight bullish day

Xinhua, February 20, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bullish trading activities for second straight day on Friday as investors bought shares available at relatively lower levels after last few days' bearish trade.

The benchmark KSE 100-Index swelled by 0.15 percent or 50.72 points to 33,993 points on Friday when compared with 33,942.28 points reported on Thursday.

During the week that ended on Feb. 20, the main index increased by 49.80 points with three out of five trading sessions ending in green zone. The KSE All Share Index grew by 0.18 percent or 44.01 points to 24,397.58 points, the KSE 30-Index rose by 0.24 percent or 53.98 points to 22,139.44 points, whereas the KMI 30-Index bucked the bullish trend by giving away 0.35 percent or 191.95 points to finish the week at 54,263.27 points. During Friday's trading session, the key index touched an intraday high of 34,143.94 points when compared with an intraday low of 33,912.96 points.

Market volumes improved by 8.77 percent or 21.076 million shares to 261.271 million shares on Friday as against 240.194 million shares posted on Thursday, the capitalization augmented by 0.18 percent or 13.819 billion rupees (138.196 million U.S. dollars) to 7.697 trillion rupees (76.974 billion U.S. dollars), whereas the trading value surged by 23.71 percent or 2.999 billion rupees (29.999 million U.S. dollars) to 15.652 billion rupees (156. 524 million U.S. dollars).

During the week, the top Pakistani bourse recorded total volumes of 1.059 billion shares at average daily turnovers of 211. 986 million shares.

Among 360 active scrips on Friday, prices of 190 issues declined, 153 advanced, whereas values of 17 other companies stayed unchanged.

Jahangir Siddiqui Company Limited, Pak Elektron Limited, and Pakistan International Airlines were the top traded companies with turnovers of 28.018 million shares, 24.294 million shares, and 16. 242 million shares, respectively.

Rafhan Maize was the top price gainer of the day with increment of 251 rupees (2.51 U.S. dollars) to 11,200 rupees (112 U.S. dollars) while on the other hand Exide Pakistan led the major price shedders of the day with decrement of 71.50 rupees (71.50 U. S. cents) to 1,358.64 rupees (13.58 U.S. dollars). Endi