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Roundup: KSE stays dull ahead of MPS, 2016 budget

Xinhua, May 21, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded mild bullish trade on Thursday but overall mood remained dull as investors kept on playing cautiously ahead of the monetary policy statement on Saturday and the finance bill 2015-16, which is due on June 5.

The benchmark KSE 100-Index swelled by 0.06 percent or 18.74 points to 32,617.74 points on Thursday when compared with 32,599 points reported on Wednesday.

The KSE All Share Index dipped marginally by 0.02 percent or 5. 20 points to 22,995.86 points, the KSE 30-Index inched up slightly by 0.02 percent or 4.98 points to 20,743.82 points, whereas the KMI 30-Index gained 0.20 percent or 104.30 points to 53,350.47 points.

During Thursday's trading session, the key index touched an intraday high of 32,691.03 points as against an intraday low of 32, 556.73 points.

Market volumes slumped by 40.76 percent or 55.280 million shares to 80.340 million shares on Thursday as against 135.621 million shares traded on Wednesday, the capitalization reduced by 0.02 percent or 1.693 billion rupees (16.938 million U.S. dollars) to 7.099 trillion rupees (70.995 billion U.S. dollars), whereas the trading value depleted by 45.76 percent or 3.323 billion rupees (33.234 million U.S. dollars) to 3.939 billion rupees (39. 399 million U.S. dollars).

Among 336 active scrips on Thursday, prices of 159 issues declined, 148 managed to advance, whereas values of 29 other companies stayed unchanged.

Pak Refinery (R), Pak Elektron Limited and Byco Petroleum were the top traded companies with turnovers of 7.258 million shares, 4. 773 million shares and 4.181 million shares, respectively.

Indus Dyeing was the top price catcher of the day with increment of 40.94 rupees (40.94 U.S. cents) to 880.94 rupees (8. 80 U.S. dollars) while on the flip side Bata Pakistan led the major price shedders with decrement of 162.92 rupees (1.62 U.S. dollars) to 3,228.58 rupees (32.28 U.S. dollars). Endi