Roundup: Pakistan's KSE falls for third straight session
Xinhua, November 20, 2015 Adjust font size:
Pakistan's Karachi Stock Exchange (KSE) recorded Friday the third straight day of bearish trade as investors resorted to sell profits amid lack of triggers which forced the main index to close below 33,900 points.
The benchmark KSE 100-Index declined by 0.15 percent or 51.44 points to 33.857 points on Friday when compared with 33,908.44 points reported on Thursday. During the week that ended on Nov. 20, the main index sank by 287.78 points as four out of five trading sessions ended in red zone.
The KSE All Share Index slipped by 0.16 percent or 37.23 points to 23,714.27 points, the KSE 30-Index dipped by 0.27 percent or 54.94 points to 20,000.79 points, the KMI 30-Index fell by 0.51 percent or 291.42 points to 56,380.27 points, whereas the newly launched Islamic All Share Index reduced by 0.23 percent or 36.92 points to 15,715.49 points.
During Friday's trading session, the key index travelled in a narrow range of 172.35 points as it touched an intraday high of 34,008.23 points as against an intraday low of 33,835.88 points.
Market volumes depleted by 3.89 percent or 7.387 million shares to 182.388 million shares on Friday when compared with 189.775 million shares posted on Thursday. During the week that ended on Friday, the top Pakistani bourse witnessed total volumes of 878.779 million shares at average daily turnovers of 175.755 million shares.
Market capitalization decreased by 0.15 percent or 10.876 billion rupees (106.635 million U.S. dollars) to 7.175 trillion rupees (70.349 billion dollars) while trade value slumped by 2.99 percent or 183.183 million rupees (1.795 million dollars) to 5.933 billion rupees (58.174 million dollars).
Among 361 active scrips on Friday, prices of 189 issues depleted, 154 advanced, whereas values of 18 other companies stayed unchanged.
Silk Bank Limited, TRG Pakistan Limited, and Bank of Punjab were the top traded companies with turnovers of 33.278 million shares, 15.798 million shares, and 13.969 million shares, respectively.
Bata Pakistan XD was the top price gainer with increment of 75 rupees (73.52 cents) to 3,000 rupees (29.41 dollars) while on the flip side Unilever Foods led the major price shedders with decrement of 148.89 rupees (1.45 dollars) to 6,321.11 rupees (61.97 dollars). Endit