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Roundup: KSE gains 0.38 pct amid lower turnover

Xinhua, March 5, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bullish trading activities for second day on the trot on Thursday as investors continued pouncing on the buying opportunity created by last week's sizable bearish spell.

The benchmark KSE 100-Index increased by 0.38 percent or 125.89 points to 33,368.84 points on Thursday when compared with 33,242. 95 points reported on Wednesday.

The KSE All Share Index swelled by 0.29 percent or 69.89 points to 23,825.13 points, the KSE 30-Index surged by 0.33 percent or 71. 75 points to 21,787.45 points, whereas the KMI 30-Index ballooned by 0.67 percent or 357.98 points to 53,836 points.

During Thursday's trading session, the key index touched an intraday high of 33,406.84 points as against an intraday low of 33, 242.95 points.

Market volumes dipped further by 2.09 percent or 3.758 million shares to 176.520 million shares on Thursday as against 180.279 million shares posted on Wednesday, the capitalization improved by 0.29 percent or 21.995 billion rupees (219.953 million U.S. dollars) to 7.518 trillion rupees (75.183 billion U.S. dollars), whereas the trading value shrank by 18.99 percent or 2.130 billion rupees (21.308 million U.S. dollars) to 9.091 billion rupees (90. 918 million U.S. dollars).

Among 361 active scrips on Thursday, prices of 193 issues advanced, 150 declined, whereas values of 18 other companies stayed unchanged.

Karachi Electric Limited, Jahangir Siddiqui Company Limited and Pak Elektron Limited were the top traded companies of the day with turnovers of 21.359 million shares, 15.159 million shares and 14. 058 million shares, respectively.

Exide Pakistan was the top price gainer with increment of 65.43 rupees (65.43 U.S. cents) to 1,374.15 rupees (13.74 U.S. dollars) while on the other hand Rafhan Maize led the major price shedders with decrement of 140 rupees (1.4 U.S. dollars) to 10,350 rupees ( 103.50 U.S. dollars). Endi