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Roundup: KSE falls amid selling on dips

Xinhua, May 7, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bearish trading activities on Thursday as investors resorted to selling their holdings at higher levels after Wednesday's healthy bullish session which also resulted in reduction in the size of market participation.

The benchmark KSE 100-Index declined by 0.28 percent or 96.40 points to 33,742.88 points on Thursday when compared with 33,839. 28 points reported on Wednesday.

The KSE All Share Index inched up marginally by 0.02 percent or 5.86 points to 23,705.30 points, the KSE 30-Index drifted lower by 0.23 percent or 50.58 points to 21,736.11 points, whereas the KMI 30-Index receded by 0.35 percent or 195.02 points to 55,508.64 points.

During Thursday's trading session, the key index touched an intraday high of 33,885.94 points when compared with the intraday low of 33,619.82 points.

Market volumes depleted by 25.53 percent or 54.783 million shares to 159.840 million shares on Thursday as against 214.624 million shares reported on Wednesday, the capitalization dipped slightly by 0.01 percent or 650.101 million rupees (6.501 million U.S. dollars) to 7.353 billion rupees (73.535 billion U.S. dollars) , whereas the trading value decreased by 28.58 percent or 3.403 billion rupees (34.036 million U.S. dollars) to 8.505 billion rupees (85.055 million U.S. dollars).

Among 359 active scrips on Thursday, prices of 218 issues skidded lower, 121 swelled, whereas values of 20 other companies stayed unchanged.

Byco Petroleum, Karachi Electric Limited and TRG Pakistan Limited were the top traded companies with turnovers of 23.902 million shares, 9.108 million shares and 8.888 million shares, respectively.

Nestle Pakistan XD was the top price gainer with increment of 225 rupees (2.25 U.S. dollars) to 10,200 rupees (102 U.S. dollars) while on the flip side Allawasaya Textile led the major price shedders with decrement of 17.50 rupees (17.50 U.S. cents) to 332. 50 rupees (3.32 U.S. dollars). Endi