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Roundup: KSE culminates week on bearish note

Xinhua, November 13, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded bearish trade on final trading day of the week on Friday as investors booked profits ahead of the weekend but overall market participation posted better numbers after World Bank approved a 500 million U.S. dollars loan for Pakistan.

The benchmark KSE 100-Index declined by 0.35 percent or 119.78 points to 34,144.78 points on Friday when compared with 34,264.56 points witnessed on Thursday. During the week that ended on Nov. 13, the main index fell by 281.97 points with four out of five trading sessions finishing down into the bears' lap.

The KSE All Share Index dipped slightly by 0.06 percent or 13.91 points to 23,839.78 points, the KSE 30-Index reduced by 0.49 percent or 100.39 points to 20,207.15 points, whereas the KMI 30-Index slipped by 0.45 percent or 256.08 points to 57,047.32 points.

During Friday's trading session the key index moved in a thin range of 142.69 points as it touched an intraday high of 34,275.77 points as against an intraday low of 34,133.08 points.

Market volumes swelled by 8.29 percent or 13.893 million shares to 181.483 million shares on Friday when compared with 167.590 million shares posted on Thursday. During the week that ended Friday, the top Pakistani bourse reported total volumes of 926.336 million shares at average daily turnovers of 185.267 million shares.

Market capitalization dipped by 0.11 percent or 7.918 billion rupees (77.630 million U.S. dollars) to 7.218 trillion rupees (70.772 billion dollars) while trade value trimmed down by 13.64 percent or 1.197 billion rupees (11.740 million dollars) to 7.579 billion rupees (74.306 million dollars).

Among 364 active scrips on Friday, prices of 177 issues depleted, 167 advanced, whereas values of 20 other companies stayed unchanged for the week.

Pace Pakistan Limited, Byco Petroleum Limited, and Pakistan International Airlines were the top traded companies with turnovers of 47.350 million shares, 8.992 million shares, and 7.375 million shares, respectively.

Nestle Pakistan XD was the top price gainer with an increase of 369 rupees (3.61 dollars) to 8,900 rupees (87.25 dollars) while on the other hand Mehmood Textiles XD led the major price shedders with a decline of 9.90 rupees (9.70 cents) to 270.10 rupees (2.64 dollars). Enditem