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Roundup: Paksitan's KSE welcomes new fiscal year with all-time historic peak

Xinhua, July 1, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) surged for third straight day on Wednesday as the main index scampered to an all-time historic peak despite of grim global economic scene where Greece is on the brink of debt default.

The benchmark KSE 100-Index jumped by 1.29 percent or 444.75 points to 34,843.61 points on Wednesday when compared with 34,398. 86 points posted on Tuesday. The previous all-time high for the main index was 34,826.51 points which it had achieved on Feb. 3.

The KSE All Share Index gained 1.08 percent or 260.06 points to 24,296.78 points, the KSE 30-Index grew by 1.52 percent or 328.74 points to 21,902.16 points, whereas the KMI 30-Index bolstered by 1.55 percent or 890.02 points to 58,161.36 points.

During Wednesday's trading session, the key index touched an intraday high of 34,878.04 points as against an intraday low of 34, 398.86.

Market volumes swelled by 8.40 percent or 29.150 million shares to 376.300 million shares on Wednesday as against 347.150 million shares posted on Tuesday, the capitalization increased by 1.08 percent or 80.102 billion rupees (801.022 million U.S. dollars) to 7.501 trillion rupees (75.011 billion U.S. dollars), whereas the trading value ballooned by 2.48 percent or 312.315 million rupees (3.123 million U.S. dollars) to 12.890 billion rupees (128.901 million U.S. dollars).

Among 361 companies that exchanged hands on the price counter on Wednesday, prices of 245 issues advanced, 99 depleted, whereas values of 17 other scrips stayed unchanged.

Pace Pakistan Limited, NIB Bank Limited, and Dewan Cement were the top traded companies with turnovers of 26.844 million shares, 21.615 million shares, and 20.488 million shares, respectively.

Exide Pakistan was the top price gainer with increment of 54.65 rupees (54.65 U.S. cents) to 1,147.79 rupees (11.47 U.S. dollars) while on the flip side Nestle Pakistan led the major price shedders with decrement of 13 rupees (13 U.S. cents) to 9,738 rupees (97.38 U.S. dollars). Endi