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Roundup: Karachi bourse falls below 32,600 pts

Xinhua, May 26, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bearish trends on Tuesday as investors traded cautiously over uncertainties regarding the upcoming Federal Finance Bill 2015-16 which will be presented before the National Assembly on June 5.

The benchmark KSE 100-Index shed 0.6 percent or 196.87 points to 32,510.35 points on Tuesday when compared with 32,707.22 points recorded on Monday.

The KSE All Share Index dipped by 0.3 percent or 67.87 points to 22,924.14 points, the KSE 30-Index fell by 0.7 percent or 145. 29 points to 20,683.01 points, whereas the KMI 30-Index dropped 0. 69 percent or 374.09 points to 53,976.80 points.

During Tuesday's trading session, the key index touched an intraday high of 32,771.28 points as against an intraday low of 32, 418.43 points.

Market volumes depleted by 45 percent or 80.607 million shares to 98.527 million shares on Tuesday as against 179.134 million shares posted on Monday, the capitalization slid by 0.3 percent or 21.427 billion rupees (214.279 million U.S. dollars) to 7.078 trillion rupees (70.780 billion U.S. dollars), whereas the trading value declined by 40.01 percent or 4.222 billion rupees (42.226 million U.S. dollars) to 6.332 billion rupees (63.326 million U.S. dollars).

Among 326 active scrips on Tuesday, prices of 195 issues strolled down, 107 advanced, whereas values of 24 other companies stayed unchanged.

Pak Elektron, Habib Bank XD and Fauji Cement were the top traded companies with turnovers of 23.286 million shares, 4.934 million shares and 4.536 million shares, respectively.

Pak Tobacco led the major price gainers with increment of 40.74 rupees (40.74 U.S. cents) to 855.70 rupees (8.55 U.S. dollars) while on the flip side Hinopak Motor emerged as the main price shedders with decrement of 50.27 rupees (50.27 U.S. cents) to 8, 998 rupees (89.98 U.S. dollars). Endi