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Roundup: Karachi bourse falls in range-bound trade

Xinhua, November 5, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bearish trading activities on Thursday as investors hit the selling counters after previous two bullish sessions offered them the selling opportunity.

The benchmark KSE 100-Index trimmed down by 0.2 percent or 68.36 points to 34,454.59 points on Thursday when compared with 34,522.95 points recorded on Wednesday.

The KSE All Share Index dipped by 0.07 percent or 16.27 points to 24,067.34 points, the KSE 30-Index slipped by 0.29 percent or 58.94 points to 20,571.52 points, whereas the KMI 30-Index declined by 0.24 percent or 138.53 points to 58,027.90 points.

During Thursday's trading session, the key index travelled in a thin band of 127.96 points as it hit an intraday high of 34,562.11 points as against an intraday low of 34,434.15 points.

Market volumes improved slightly by 8.31 percent or 15.353 million shares to 200.149 million shares on Thursday when compared with 184.796 million shares posted on Wednesday.

Market capitalization reduced by 0.1 percent or 7.654 billion rupees (75.044 million U.S. dollars) to 7.318 trillion rupees (71.748 billion dollars) while trade value swelled by 5.30 percent or 553.514 million rupees (5.426 million dollars) to 10.998 billion rupees (107.825 million dollars).

Among 378 active scrips on Thursday, prices of 204 issues decreased, 150 increased, whereas values of 24 other companies stayed unchanged.

Pak Elektron Limited, TRG Pakistan Limited, and Jahangir Siddiqui Company Limited were the top traded companies with turnovers of 25.255 million shares, 17.796 million shares, and 17.061 million shares, respectively.

Philip Morris Pakistan was the top price gainer with increment of 71.45 rupees (70.04 cents) to 1,750 rupees (17.15 dollars) while on the flip side Bata Pakistan SPOT led the major price shedders with decrement of 65 rupees (63.72 cents) to 3,000 rupees (29.41 dollars). Enditem