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Roundup: KSE slumps 0.81 pct amid profit-booking

Xinhua, April 21, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) bucked a four-day bullish trend on Tuesday as foreign investors and local funds and institutions opted for booking profits at higher levels but the main index kept possession of the 33,300 points-mark despite of depleting turnovers.

The benchmark KSE 100-Index declined by 0.81 percent or 268.87 points to 33,035.77 points on Tuesday when compared with 33,304.64 points posted on Monday. During the four-day bullish streak, the main index fetched 1,194.77 points.

The KSE All Share Index fell by 0.67 percent or 156.35 points to 23,214.91 points, the KSE 30-Index reduced by 0.78 percent or 166.52 points to 21,123.54 points, whereas the KMI 30-Index dipped by 0.91 percent or 493.22 points to 53,943.44 points.

During Tuesday's trading session, the key index touched an intraday high of 33,365.86 points as against an intraday low of 32, 826.45 points.

Market volumes shrank by 34.24 percent or 130.984 million shares to 251.540 million shares on Tuesday as against 382.524 million shares reported on Monday, the capitalization decreased by 0.67 percent or 48.411 billion rupees (484.112 million U.S. dollars) to 7.198 trillion rupees, whereas the trading value skidded lower by 31.86 percent or 6.413 billion rupees to 13.716 billion rupees.

Among 347 active scrips on Tuesday, prices of 239 issues deflated, 85 advanced, whereas values of 23 other companies stayed unchanged.

Pak Elektron Limited, Bank of Punjab, and TRG Pakistan Limited were the top traded companies with turnovers of 29.542 million shares, 24.359 million shares, and 18.608 million shares, respectively.

The Searle Comp was the top price gainer with increment of 10. 99 rupees to 251.53 rupees while on the other hand Nestle Pakistan XD led the major price shedders with decrement of 95 rupees to 9, 500 rupees. Endi