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Roundup: Pakistan's KSE falls after Karachi bus carnage

Xinhua, May 13, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) fell sharply on Wednesday after unknown miscreants gunned down at least 43 people in the southen city of Karachi in the latest act of terrorism.

The benchmark KSE 100-Index declined by 0.33 percent or 108.36 points to 32,915.44 points on Wednesday when compared with 33,023. 80 reported on Tuesday.

The KSE All Share Index dipped by 0.09 percent or 21.87 points to 23,248.05 points, the KSE 30-Index decreased by 0.42 percent or 89.12 points to 21,145.54 points, whereas the KMI 30-Index slipped by 0.12 percent or 65.31 points to 53,868.89 points.

During Wednesday's trading session, the key index touched an intraday high of 33,231.34 points as against an intraday low of 32, 891.13.

Dull activity was seen at the local bourse due to Karachi bus attack. No major surprise in the MSCI rebalancing also forced investors to book profits.

Blue chips like Dera Ghazi Khan Cement (DGKC) fell 2.5 percent, Lucky Cement (LUCK) declined 1 percent, while Engro Corporation ( ENGRO) plunged 1.7 percent.

Market volumes receded by 12.64 percent or 22.372 million share to 154.626 million shares on Wednesday as against 176.999 million shares posted on Tuesday, the capitalization slid by 0.13 percent or 9.377 billion rupees (93.778 million U.S. dollars) to 7.202 trillion rupees (72.025 billion U.S. dollars), whereas the trading value slumped by 19.34 percent or 2.009 billion rupees (20.099 million U.S. dollars) to 8.382 billion rupees (83.822 million U.S. dollars).

Among 332 active scrips on Wednesday, prices of 164 issues depleted, 138 advanced, whereas values of 30 other companies stayed unchanged.

Pak Elektron Limited, Byco Petroleum, and Ghani Automobiles were the top traded companies with turnovers of 20.812 million shares, 13.550 million shares, and 12.808 million shares, respectively.

Siemens Pakistan was the top price gainer with increment of 48. 50 rupees (48.50 U.S. cents) to 1,143.50 rupees (11.43 U.S. dollars) while on the flip side Hinopak Motor led the major price losers with decremen of 18.55 rupees (18.55 U.S. cents) to 1,018. 43 rupees (10.18 U.S. dollars). Endi