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Roundup:KSE falls 0.1 pct amid dull trade

Xinhua, July 10, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) fell for third consecutive day on Friday as investors remained apprehensive of further foreign selling and preferred to trim their positions ahead of long weekend before Eid-ul-Fitr ( religious festival).

The benchmark KSE 100-Index dipped by 0.1 percent or 34.84 points to 35,112.29 points on Friday when compared with 35,147.13 points posted on Thursday.

During the week that ended on July 10, the main index lost 227. 74 points with three out of five trading sessions ending on a bearish note.

The KSE All Share Index slipped 0.04 percent or 8.63 points to 24,524.79 points, the KSE 30-Index swelled by 0.13 percent or 28. 91 points to 21,959.46 points, whereas the KMI 30-Index dropped 0. 09 percent or 54.54 points to 58,264.90 points.

During Friday's trading session, the key index touched an intraday high of 35,371.52 points as against an intraday low of 35, 091.73 points.

Lucky Cement (LUCK), Engro Corporation (ENGRO) and United Bank Limited (UBL) were among the best performers as they gained 0.73 percent, 0.55 percent and 0.95 percent, respectively.

On the other hand, the worst performers included Maple Leaf Cement (MLCF), Pakistan International Bulk Terminal Limited (PIBTL) and Karachi Electric Limited (KEL) which declined by 2.63 percent, 4.87 percent and 1.70 percent, respectively.

Market volumes depleted by 13.21 percent or 48.096 million shares to 316.017 million shares on Friday as against 364.113 million shares recorded on Thursday, the capitalization reduced by 0.06 percent or 4.662 billion rupees (46.629 million U.S. dollars) to 7.575 trillion rupees (75.750 billion U.S. dollars), whereas the trading values shrank by 26.02 percent or 3.818 billion rupees (38.181 million U.S. dollars) to 10.853 billion rupees (108.535 million U.S. dollars).

During the week that ended on Friday, the top Pakistani bourse reported total volumes of 1.890 billion shares at average daily turnovers of 378.153 million shares.

Among 347 active scrips on Friday, prices of 179 issues finished lower, 155 managed to advance, whereas values of 13 other companies stayed unchanged.

Karachi Electric Limited, Pace Pakistan Limited, and TPL Trakker Limited were the top traded companies with turnovers of 21. 133 million shares, 19.901 million shares, and 16.637 million shares, respectively.

Ferozsons Laboratories was the top price catcher with increment of 22.65 rupees (22.65 U.S. cents) to 747.92 rupees (7.47 U.S. dollars) while on the flip side Siemens Pakistan led the major price shedders with decrement of 53.22 rupees (53.22 U.S. cents) to 1,177.28 rupees (11.77 U.S. dollars). Endi