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Roundup: KSE recaptures bullish trend amid low participation

Xinhua, September 21, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) started the fresh week on a bullish note on Monday but overall market participation remained on the lower side as local individual investors resorted to staying sidelined ahead of the Holy Eid-ul-Adha celebrations.

The benchmark KSE 100-Index increased by 0.2 percent or 65.29 points to 32,826.24 points on Monday when compared with 32,760.95 points reported on Friday.

The KSE All Share Index stayed bearish as it declined by 0.14 percent or 31.11 points to 22,950.28 points, the KSE 30-Index moved up slightly by 0.34 percent or 67.56 points to 19,773.18 points, whereas the KMI 30-Index swelled fractionally by 0.01 percent or 5.91 points to 54,646.66 points.

During Monday's trading session, the key index moved in a narrow range of 369.21 points as it scaled an intraday high of 32, 843.37 points as against an intraday low of 32,474.16 points.

Market volumes depleted by 14.68 percent or 18.138 million shares to 105.414 million shares on Monday when compared with 123. 552 million shares posted on final trading day of the previous week.

The market capitalization dropped 0.14 percent or 10.016 billion rupees (96.309 million U.S. dollars) to 7.028 trillion rupees (67.582 billion dollars) while on the other hand the trading value dipped by 16.05 percent or 926.872 million rupees (8. 912 million dollars) to 4.847 billion rupees (46.607 million dollars).

Among 336 active scrips on Monday, prices of 172 issues trimmed down, 141 managed to go stay upward, whereas values of 23 other companies stayed unchanged at previous week's levels.

TRG Pakistan Limited, Pak Elektron Limited, and Karachi Electric Limited were the top traded companies with turnovers of 9. 312 million shares, 8.733 million shares, and 6.405 million shares, respectively.

Bata Pakistan was the top price gainer with increment of 89 rupees (85.57 cents) to 2,990 rupees (28.75 dollars) while on the flip side Unilever Foods XD led the major price shedders with decrement of 350 rupees (3.36 dollars) to 6,650 rupees (63.94 dollars). Endi