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Roundup: Pakistan's KSE posts 8th straight bullish session, hits fresh record peak

Xinhua, August 6, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bullish trade for eighth straight day on Thursday to hit a fresh all-time historic high as improved political scenario and better result expectations kept the investors interested in various stocks.

The benchmark KSE 100-Index swelled by 0.2 percent or 72.05 points to all-time historic peak of 36,228.88 points on Thursday when compared with 36,156.83 points recorded on Wednesday.

The KSE All Share Index gained 0.47 percent or 118.92 points to 25,184.16 points, the KSE 30-Index bucked the general bullish trend with decline of 0.14 percent or 31.18 points to 22,475.42 points, whereas the KMI 30-Index increased by 0.36 percent or 217. 74 points to 60,061.38 points.

During Thursday's trading session, the key index touched an all- time intraday high of 36,471.68 points as against an intraday low of 36,156.83 points.

Pakistan State Oil (PSO) rallied by 3 percent to close at 384. 50 rupees (3.84 U.S. dollars) in anticipation of better earnings and handsome payout for June quarter while Engro Corporation ( ENGRO) saw profit-taking after rallying in last few trading sessions.

Market volumes improved by 0.32 percent or 1.092 million shares to 337.828 million shares on Thursday as against 336.736 million shares posted on Wednesday, the capitalization augmented by 0.47 percent or 36.575 billion rupees (365.750 million U.S. dollars) to 7.800 trillion rupees (78.005 billion U.S. dollars), whereas the trading value sized up by 5.08 percent or 797.340 million rupees ( 7.973 million U.S. dollars) to 16.500 billion rupees (165.009 million U.S. dollars).

Among 397 active scrips on Thursday, prices of 241 issues advanced, 133 depleted, whereas values of 23 other companies stayed unchanged.

Silk Bank(R) continued to rule the top traded companies with turnovers of 26.326 million shares, followed by Karachi Electric Limited and Pak Elektron Limited with volumes of 25.088 million shares and 16.572 million shares, respectively.

Unilever Foods was the top price gainer with increment of 404. 75 rupees (4.04 U.S. dollars) to 8,570 rupees (85.70 U.S. dollars) while on the flip side Murree Brewery led the major price shedders with decrement of 40 rupees (40 U.S. cents) to 930 rupees (9.30 U. S. dollars). Endi