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Roundup: KSE jumps 1.05 pct to conclude bullish week

Xinhua, April 10, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) kept the bullish trend alive for third straight day on Friday as the key index surged above 32,300 points with improved market participation.

The benchmark KSE 100-Index jumped by 1.05 percent or 337.02 points to 32,350.93 points on Friday when compared with 32,013.91 points reported on Thursday.

During the week that ended on April 10, the main index augmented by 936.97 points with four out of five trading sessions ending in green zone.

The KSE All Share Index gained 0.78 percent or 178.06 points to 22,893.21 points, the KSE 30-Index elevated by 1.27 percent or 257. 30 points to 20,515.01 points, whereas the KMI 30-Index bolstered by 1.20 percent or 632.63 points to 53,323.63 points.

During Friday's trading session, the key index touched an intraday high of 32,544.43 points as against an intraday low of 32, 013.91 points.

Market volumes improved by 26.29 percent or 52.809 million shares to 253.655 million shares on Friday as against 200.845 million shares posted on Thursday, the capitalization increased by 0.70 percent or 49.718 billion rupees (497.180 million U.S. dollars) to 7.116 trillion rupees (71.161 billion U.S. dollars), whereas the trading value swelled by 27.80 percent or 3.271 billion rupees (32.714 million U.S. dollars) to 15.038 billion rupees (150.383 million U.S. dollars).

During the week that ended on Friday, the top Pakistani bourse witnessed total volumes of 1.201 billion shares at average daily turnovers of 240.372 million shares.

Among 370 active scrips on Friday, prices of 232 issues advanced, 117 declined, whereas values of 21 other companies stayed unchanged for the week.

Fauji Cement XD, Pak Elektron Limited, and Jahangir Siddiqui Company Limited were the top traded companies with turnovers of 28. 381 million shares, 25.897 million shares, and 22.118 million shares, respectively.

Nestle Pakistan SPOT was the top price gainer while on the other hand Exide Pakistan led the major price shedders. Endi