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Roundup: KSE extends gains, surges 1.06 pct

Xinhua, September 9, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) extended gains to second day on Wednesday as investors continued buying shares after ease in jitters regarding rumors of a crackdown on leading stock market brokers.

The benchmark KSE 100-Index surged by 1.06 percent or 356.19 points to 33,830.36 points on Wednesday when compared with 33,474. 17 points witnessed on Tuesday. During the two-day bullish trail, the main index increased by 885.88 points.

The KSE All Share Index swelled by 0.94 percent or 220.41 points to 23,654.55 points, the KSE 30-Index gained 1.26 percent or 257.58 points to 20,626.87 points, whereas the KMI 30-Index augmented by 1.20 percent or 667.04 points to 56,122.54 points.

During Wednesday's trading session, the key index touched an intraday high of 33,865.68 points as against an intraday low of 33, 474.17 points.

Market volumes dropped by 33.12 percent or 96.666 million shares to 195.245 million shares on Wednesday when compared with 291.911 million shares posted on Tuesday.

The market capitalization elevated by 0.83 percent or 60.062 billion rupees (577.527 million U.S. dollars) to 7.290 trillion rupees (70.102 billion dollars) whereas the trading value depleted by 35.52 percent or 4.667 billion rupees (44.877 million dollars) to 8.471 billion rupees (81.457 million dollars).

Among 380 active scrips on Wednesday, prices of 228 issues advanced, 134 declined, whereas values of 18 other companies stayed unchanged.

Dewan Cement, Dewan Motors and TRG Pakistan Limited XR were the top traded companies with turnovers of 13.451 million shares, 11. 421 million shares and 10.777 million shares, respectively.

Rafhan Maize XD was the top price gainer with increment of 300 rupees (2.88 dollars) to 9,500 rupees (91.35 dollars) while on the flip side Murree Brewery led the major price shedders with decrement of 54.40 rupees (52.30 cents) to 1,033.60 rupees (9.93 dollars). Endi