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Roundup:KSE jumps 1.26 pct amid lower volumes

Xinhua, August 27, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded major bullish trading activities on Thursday mainly on the institutional support after panic-selling earlier in the week left the key index in an attractive position.

The benchmark KSE 100-Index surged by 1.26 percent or 423.87 points to 33,961.29 points on Thursday when compared with 33,537. 42 points reported on Wednesday. The main index is currently trading 6.26 percent below the all-time peak of 36,228.88 points posted on Aug. 6, 2015.

The KSE All Share Index augmented by 1.27 percent or 297.89 points to 23,746.27 points, the KSE 30-Index elevated by 1.36 percent or 275.73 points to 20,592.39 points, whereas the KMI 30- Index jumped by 1.49 percent or 833.91 points to 56,752.96 points.

During Thursday's trading session, the key index touched an intraday high of 34,014.46 points as against an intraday low of 33, 537.42 points.

Market volumes depleted by 19.89 percent or 55.443 million shares to 223.249 million shares on Thursday as against 278.693 million shares witnessed on Wednesday, the capitalization improved by 1.23 percent or 89.290 billion rupees (858.564 million U.S. dollars) to 7.351 trillion rupees (70.683 billion U.S. dollars), whereas the trading value reduced by 12.66 percent or 1.573 billion rupees (15.133 million U.S. dollars) to 10.858 billion rupees (104.407 million U.S. dollars).

Among 378 active scrips on Thursday, prices of 258 issues advanced, 102 declined, whereas values of 18 other companies stayed unchanged.

Pace Pakistan Limited, Jahangir Siddiqui Company Limited, and Karachi Electric Limited were the top traded companies with turnovers of 15.839 million shares, 13.715 million shares, and 13. 119 million shares, respectively.

Hinopak Motor was the top price gainer with increment of 52.55 rupees (50.529 U.S. cents) to 1,140.88 rupees (10.97 U.S. dollars) while on the flip side Unilever Foods led the major price shedders with decrement of 400 rupees (3.84 U.S. dollars) to 7,600 rupees ( 73.07 U.S. dollars). Endi