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Roundup: Pakistan's KSE regains 34,000-mark at par with global rebound

Xinhua, November 17, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) bounced back as part of a global rebound on Tuesday after investors pounced on the buying opportunity created by the past few bearish sessions.

The benchmark KSE 100-Index increased by 0.35 percent or 119.46 points to 34,065.87 points on Tuesday when compared with 33,946.41 points recorded on Monday.

The KSE All Share Index swelled by 0.41 percent or 97.86 points to 23,844.04 points, the KSE 30-Index moved up by 0.44 percent or 87.73 points to 20,161.56 points, whereas the KMI 30-Index elevated by 0.28 percent or 159.08 points to 56,899 points.

During Tuesday's trading session, the key index moved in a narrow range of 223.64 points as it touched an intraday high of 34,170.05 points as against an intraday low of 33,946.41 points.

Market volumes grew by 45.35 percent or 59.548 million shares to 190.863 million shares on Tuesday when compared with 131.314 million shares posted on Monday.

Market capitalization improved by 0.37 percent or 26.854 billion rupees (263.307 million U.S. dollars) to 7.216 trillion rupees (70.745 billion dollars) while trade value augmented by 26.25 percent or 1.501 billion rupees (14.723 million dollars) to 7.223 billion rupees (70.818 million dollars).

Among 386 active scrips on Tuesday, prices of 216 issues moved northward, 148 kept trailing down, whereas values of 22 other companies stayed unchanged.

Pace Pakistan Limited, TRG Pakistan Limited, and Sui Southern Gas Company were the top traded companies with turnovers of 30.763 million shares, 13.680 million shares, and 13.055 million shares, respectively.

Nestle Pakistan XD was the top price gainer with increment of 100 rupees (98.03 cents) to 9,000 rupees (88.23 dollars) while on the flip side Island Textile led the major price shedders with decrement of 38.96 rupees (38.19 cents) to 741.15 rupees (7.26 dollars). Enditem