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Roundup: Pakistan's KSE pares intraday gains to settle below 34,400

Xinhua, September 3, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recovered from a two-day bearish trail on Thursday but pared gains towards the end of the session due to compulsive profit-selling by local investors which made the key index to rest below 34,400 points.

The benchmark KSE 100-Index gained 0.26 percent or 87.57 points to 34,397.33 points on Thursday when compared with 34,309.76 points witnessed on Wednesday.

The KSE All Share Index ended lower marginally by 0.02 percent or 5.76 points to 24,031.99 points, the KSE 30-Index swelled by 0. 29 percent or 60.23 points to 20,978.94 points, whereas the KMI 30- Index went northwards by 0.2 percent or 115.32 points to 57,453.89 points.

During Thursday's trading session, the key index touched an intraday high of 34,610.75 points as against an intraday low of 34, 309.76 points.

Market volumes stayed steady above the 250 million shares mark as an overall trading of 260.294 million shares was reported on Thursday which was 4.58 percent better as compared to Wednesday's volume of 248.895 million shares.

The market capitalization reduced by 0.04 percent or 2.782 billion rupees (26.752 million U.S. dollars) to 7.433 trillion rupees (71.478 billion U.S. dollars) whereas the trading value decreased by 1.83 percent or 195.018 million rupees (1.875 million U.S. dollars) to 10.458 billion rupees (100.558 million U.S. dollars).

Among 383 active scrips on Thursday, prices of 202 issues depleted, 167 managed to advance, whereas values of 14 other companies stayed stable.

TRG Pakistan Limited XR, Dewan Cement, and Power Cement Limited were the top traded companies with turnovers of 18.598 million shares, 18.033 million shares, and 13.582 million shares, respectively.

Rafhan Maize XD was the top price gainer with increment of 175 rupees (1.68 U.S. dollars) to 9,300 rupees (89.42 U.S. dollars) while on the other hand Indus Dyeing led the major price shedders with decrement of 50 rupees (48.07 U.S. cents) to 1,150 rupees (11. 05 U.S. dollars). Endi