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Roundup:KSE swells past 35,500 points to fresh peak

Xinhua, July 6, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded mild bullish trade on Monday despite of pressure on global front due to Greece referendum as investors took keen interests in cement and chemical sectors.

The benchmark KSE 100-Index gained 0.13 percent or 45.93 points to 35,502.28 points on Monday when compared with 35,456.35 points recorded on Friday. During the ongoing six days' bullish run, the main index has surged by 1,617.15 points.

The KSE All Share Index moved up slightly by 0.18 percent or 44. 56 points to 24,669.15 points, the KSE 30-Index decreased by 0.12 percent or 26.77 points to 22,286.70 points, whereas the KMI 30- Index increased by 0.43 percent or 257.91 points to 59,640.72 points.

During Monday's trading session, the key index touched an intraday high of 35,545.65 points as against an intraday low of 35, 291.08 points.

Weak international market and global oil prices hit Oil and Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL) and Pakistan Oilfields Limited (POL) which closed in the range of 1.85 percent to 2.88 percent.

Cement and chemical stocks had major contribution in KSE-100 index with Lucky Cement (LUCK), Engro Corporation (ENGRO) and Fauji Cement (FCCL) rallied 3.76 percent, 4.22 percent and 1.41 percent, respectively.

Market volumes improved by 1.95 percent or 6.929 million shares to 362.822 million shares on Monday as against 355.892 million shares posted on Friday, the capitalization bolstered by 0.18 percent or 13.958 billion rupees (139.584 million U.S. dollars) to 7.616 trillion rupees (76.164 billion U.S. dollars), whereas the trading value ballooned by 14.95 percent or 2.438 billion rupees ( 24.380 million U.S. dollars) to 18.744 billion rupees (187.447 million U.S. dollars).

Among 375 active scrips on Friday, prices of 195 issues advanced, 161 declined, whereas values of 19 other companies stayed unchanged.

Karachi Electric Limited, TRG Pakistan Limited, and Pak Int. Bulk were the top traded companies with turnovers of 36.535 million shares, 22.682 million shares, and 18.140 million shares, respectively.

Wyeth Pakistan Limited was the top price gainer of the day with increment of 114 rupees (1.14 U.S. dollars) to 2,414 rupees (24.14 U.S. dollars) while on the flip side Exide Pakistan led the major price shedders with decrement of 48.30 rupees (48.30 U.S. cents) to 1,190.08 rupees (11.90 U.S. dollars). Endi