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Roundup: KSE falls as profit-booking spree continues

Xinhua, November 2, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) started the month of November on a bearish note on Monday as investors remained on the selling counters as part of the ongoing selling spree in the wake of offloading by foreign investors in the previous month.

As per the data released by the National Clearing Company of Pakistan Limited (NCCPL), the foreign investors remained net sellers in October with cumulative selling of 4.920 billion rupees (48.237 million U.S. dollars).

The benchmark KSE 100-Index slid by 0.1 percent or 35.49 points to 34,226.12 points on Monday when compared with 34,261.61 points reported on Friday.

The KSE All Share Index slipped by 0.35 percent or 84.28 points to 23,861.19 points, the KSE 30-Index moved up slightly by 0.07 percent or 15.25 points to 20,432.64 points, whereas the KMI 30-Index swelled by 0.17 percent or 100.03 points to 57,462.37 points.

During Monday's trading session, the key index moved in a thin band of 198.49 points as it touched an intraday high of 34,396.49 points as against an intraday low of 34,198 points.

Market volumes depleted by 37.56 percent or 73.711 million shares to 122.521 million shares on Monday when compared with 196.233 million shares registered on Friday.

Market capitalization reduced by 0.35 percent or 25.350 billion rupees (248.534 million dollars) to 7.258 trillion rupees (71.165 billion dollars) while trade value skidded lower by 39.53 percent or 3.745 billion rupees (36.721 million dollars) to 5.729 billion rupees (56.166 million dollars).

Among 374 active scrips on Monday, prices of 222 issues dipped, 129 advanced, whereas values of 23 other companies stayed unchanged.

TRG Pakistan Limited, Pace Pakistan Limited, and Karachi Electric Limited were the top traded companies with turnovers of 18.592 million shares, 10.848 million shares, and 10.674 million shares, respectively.

Wyeth Pakistan Limited was the top price gainer with increment of 99.99 rupees (97.05 cents) to 2,300 rupees (22.54 dollars) while on the flip side Murree Brewery Limited led the major price shedders with decrement of 44 rupees (43.13 cents) to 1,100 rupees (10.78 dollars). Enditem