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Roundup: Karachi bourse jumps 0.99 pct above 33,800 points

Xinhua, June 2, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) continued the major bullish spree for second day on Tuesday as institutional investors kept buying exposure after the Consumer Price Index (CPI) beat analysts' expectations for May 2015.

The benchmark KSE 100-Index surged by 0.99 percent or 331.96 points to 33,895.34 points on Tuesday when compared with 33,563.38 points posted on Monday.

The KSE All Share Index increased by 0.91 percent or 213.86 points to 23,697.05 points, the KSE 30-Index jumped 1.13 percent or 241.16 points to 21,565.50 points, whereas the KMI 30-Index gained 0.76 percent or 422.26 points to 55,683.40 points.

During Tuesday's trading session, the key index touched an intraday high of 34,016.17 points as against an intraday low of 33, 563.38 points.

Market volumes swelled by 21.26 percent or 55.527 million shares to 316.682 million shares on Tuesday as against 261.155 million shares posted on Monday, the capitalization augmented by 0. 91 percent or 65.982 billion rupees (659.829 million U.S. dollars) to 7.314 trillion rupees (73.149 billion U.S. dollars), whereas the trading value expanded by 39.68 percent or 4.612 billion rupees (46.123 million U.S. dollars) to 16.235 billion rupees (162. 357 million U.S. dollars).

Among 377 active scrips on Tuesday, prices of 205 issues advanced, 142 declined, whereas values of 30 other companies stayed unchanged.

Karachi Electric Limited, Pak Elektron Limited, and Ghani Automobile were the top traded companies with turnovers of 32.761 million shares, 20.219 million shares, and 16.481 million shares, respectively.

Bata Pakistan was the top price gainer with increment of 100 rupees (1 U.S. dollars) to 3,200 rupees (32 U.S. dollars) while on the flip side Island Textile led the major price shedders with decrement of 34.50 rupees (34.50 U.S. cents) to 660 rupees (6.60 U. S. dollars). Endi