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Roundup: KSE falls for 4th day as volumes down to 16-week low

Xinhua, September 15, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded fourth straight day of bearish trade on Tuesday as investors remained cautious ahead of U.S. key rate decision, which was reflected in volumes receding to 16-week low.

The benchmark KSE 100-Index declined by 0.58 percent or 193.27 points to 33,191.46 points on Tuesday when compared with 33,384.73 points witnessed on Monday. During the four-day bearish streak, the key index has lost 638.9 points.

The KSE All Share Index fell by 0.5 percent or 116.53 points to 23,223.87 points, the KSE 30-Index decreased by 0.72 percent or 147.41 points to 20,190.53 points, whereas the KMI 30-Index reduced by 0.33 percent or 184.56 points to 55,158.90 points.

During Tuesday's trading session, the key index moved in a narrow range of 310.35 points as it hit an intraday high of 33,417. 63 points when compared with an intraday l0w of 33,107.28 points.

Market volumes depleted by 1.10 percent or 1.467 million shares to 132.151 million shares on Tuesday as against trading of 133.618 million shares recorded on Monday.

Market capitalization dipped by 0.5 percent or 35.674 billion rupees (343.028 million U.S. dollars) to 7.141 trillion rupees (68. 668 billion dollars) while on the other hand trading value increased by 24.75 percent or 1.296 billion rupees (12.462 million dollars) to 6.533 billion rupees (62.821 million dollars).

Among 366 active scrips on Tuesday, prices of 229 issues went southward, 110 managed to stay northward, whereas values of 27 other companies stayed unchanged.

TRG Pakistan Limited, Byco Petroleum, and Jahangir Siddiqui Company XR were the top traded companies with turnovers of 10.324 million shares, 7.881 million shares, and 7.729 million shares, respectively.

Pakistan Tobacco was the top price gainer with increment of 43. 59 rupees (41.91 cents) to 919.09 rupees (8.84 dollars) while on the flip side Service Industries Limited XD led the major price shedders with decrement of 39.54 rupees (38.01 cents) to 800.46 rupees (7.69 dollars). Endi