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Roundup: KSE sheds 32,600 points in 3rd straight bearish session

Xinhua, March 10, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bearish trading activities on Tuesday as investors remained concerned following news of a selloff from leading local institutions amid a foreign exodus.

The benchmark KSE 100-Index declined by 0.89 percent or 293.98 points to 32,566.59 points on Tuesday when compared with 32,860.57 points reported on Monday.

The KSE All Share Index fell by 0.99 percent or 232.79 points to 23,242.92 points, the KSE 30-Index slumped by 1.21 percent or 258.70 points to 21,128.93 points, whereas the KMI 30-Index plunged by 1.45 percent or 770.94 points to 52,558.14 points on Tuesday.

During Tuesday's trading session, the key index touched an intraday high of 32,889.31 points as against an intraday low of 32, 531.13 points.

Market volumes improved by 32.56 percent or 32.535 million shares to 132.469 million shares on Tuesday as against 99.934 million shares posted on Monday, the capitalization reduced by 1. 07 percent or 78.987 billion rupees (789.875 million U.S. dollars) to 7.322 trillion rupees (73.229 billion dollars), whereas the trading value increased by 38.19 percent or 2.098 billion rupees ( 20.984 million dollars) to 7.594 billion rupees (75.940 million dollars).

Among 354 active scrips on Tuesday, prices of 266 issues posted negative closing, 65 managed to keep the bullish trend, whereas values of 23 other issues stayed stable.

Pak Elektron Limited, Fauji Fertilizer Bin Qasim Limited, and Jahangir Siddiqui Company Limited were the top traded companies with turnovers of 12.600 million shares, 11.554 million shares, and 9.136 million shares, respectively.

Shezan International was the top price gainer with increment of 41 rupees (41 U.S. cents) to 975 rupees (9.75 dollars) while on the other hand Unilever Foods led the major price decliners of the day with decrement of 499.95 rupees (4.99 dollars) to 9,499.05 rupees (94.99 dollars). Endi