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Roundup: KSE falls 0.51 pct amid fears of foreigners exodus

Xinhua, July 9, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) fell for second straight day on Thursday as investors opted for selling their holdings amid fears of selling by foreign investors.

The benchmark KSE 100-Index declined by 0.51 percent or 181.70 points to 35,147.13 points on Thursday when compared with 35,328. 83 points reported on Wednesday.

The KSE All Share Index dipped by 0.32 percent or 78.60 points to 24,533.42 points, the KSE 30-Index shed 0.6 percent or 132.03 points to 21,930.55 points, whereas the KMI 30-Index trimmed down by 0.67 percent or 392.42 points to 58,319.41 points.

During Thursday's trading session, the key index touched an intraday high of 35,365.97 points as against an intraday low of 35, 125.93 points.

Adamjee Insurance (AICL) closed at its upper limit with healthy trading volume ahead of its Board of Directors' meeting scheduled on July 13, 2015.

Lucky Cement (LUCK), United Bank Limited (UBL) and Engro Corporation (ENGRO) declined 3.21 percent, 1.79 percent and 1.09 percent respectively, contributing 78 points to the index fall.

Market volumes decreased by 10.27 percent or 41.678 million shares to 364.113 million shares on Thursday as against 405.792 million shares witnessed on Wednesday, the capitalization reduced by 0.32 percent or 24.154 billion rupees (241.545 million U.S. dollars) to 7.579 trillion rupees (75.797 billion U.S. dollars), whereas the trading value depleted by 15 percent or 2.589 billion rupees (25.894 million U.S. dollars) to 14.671 billion rupees (146. 717 million U.S. dollars).

Among 372 active scrips on Thursday, prices of 180 issues skidded lower, 168 traveled northwards, while prices of 24 other companies stayed unchanged.

Jahangir Siddiqui Company Limited, TRG Pakistan Limited, and Pak Int. Bulk were the top traded companies with turnovers of 28. 645 million shares, 23.845 million shares, and 22.074 million shares, respectively.

Sapphire Fiber was the top price gainer with increment of 22 rupees (22 U.S. cents) to 598 rupees (5.98 U.S. dollars) while on the flip side Bata Pakistan led the major price shedders with decrement of 44.50 rupees (44.50 U.S. cents) to 3,705.50 rupees ( 37.05 U.S. dollars). Endi