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Roundup: Pakistani stocks fall for 4th day amid Karachi turbulence

Xinhua, March 11, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) witnessed fourth straight day of bearish trade on Wednesday as investors resorted to staying away from trading proceedings amid turbulent law and order situation in Karachi.

The benchmark KSE 100-Index declined by 0.08 percent or 26.98 points to 32,539.61 points on Wednesday when compared with 32,566. 59 points reported on Tuesday.

The KSE All Share Index fell by 0.22 percent or 51.93 points to 23,190.99 points, the KSE 30-Index inched up marginally by 0.01 percent or 3.06 points to 21,131.99 points, whereas the KMI 30- Index skidded lower fractionally by 0.01 percent or 2.91 points to 52,555.23 points.

During Wednesday's trading session, the key index touched an intraday high of 32,064.10 points when compared with an intraday low of 32,198.87 points.

Market volumes improved by 30.16 percent or 39.947 million shares to 172.417 million shares on Wednesday as against 132.469 million shares posted on Tuesday, the capitalization dipped by 0. 23 percent or 16.703 billion rupees (167.036 million U.S. dollars) to 7.306 trillion rupees (73.062 billion U.S. dollars), whereas the trading value gained 29.21 percent or 2.217 billion rupees (22. 178 million U.S. dollars) to 9.811 billion rupees (98.118 million U.S. dollars).

Among 349 active scrips on Wednesday, prices of 188 issues declined, 137 advanced, whereas values of 24 other companies stayed unchanged.

Pak Elektron Limited, Fauji Fertilizer Bin Qasim Limited, and Bank of Punjab were the top traded companies with turnovers of 23. 773 million shares, 9.791 million shares, and 9.603 million shares, respectively.

Shezan International was the top price gainer with increment of 44 rupees (44 U.S. cents) to 1,019 rupees (10.19 U.S. dollars) while on the other hand Unilever Foods led the major price shedders with decrement of 474.95 rupees (4.74 U.S. dollars) to 9, 024.10 rupees (90.24 U.S. dollars). Endi