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Roundup: Trigger-less Karachi bourse falls for 5th straight day

Xinhua, November 24, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) continued its southward trail for fifth straight day on Tuesday as investors resorted to take an exit amid lack of triggers, however oil stocks attracted some buyers on the back of increased international crude oil prices.

The benchmark KSE 100-Index slumped by 0.48 percent or 161.32 points to 33,571.59 points on Tuesday when compared with 33,732.91 points reported on Monday. During the five-day trail, the main index has lost 494.28 points.

The KSE All Share Index dropped 0.71 percent or 169.04 points to 23,488.07 points, the KSE 30-Index shed 0.33 percent or 65.07 points to 19,826.58 points, the KMI 30-Index dipped by 0.29 percent or 160.45 points to 55,809.39 points, whereas the Islamic All Share Index declined by 0.5 percent or 77.77 points to 15,614.69 points.

During Tuesday's trading session, the key index moved in a range of 305.24 points as it touched an intraday high of 33,872.33 points as against an intraday low of 33,567.09 points.

Market volumes swelled by 9.72 percent or 13.979 million shares to 157.742 million shares on Tuesday when compared with 143.763 million shares posted on Monday.

Market capitalization decreased by 0.71 percent or 50.944 billion rupees (499.454 million U.S. dollars) to 7.11 trillion rupees (69.725 billion dollars) while on the flip side trade value improved by 7.33 percent or 452.890 million rupees (4.440 million dollars) to 6.630 billion rupees (65.005 million dollars).

Among 377 active scrips on Tuesday, prices of 251 issues slipped, 99 managed to advance, whereas values of 27 other companies stayed unchanged.

Karachi Electric Limited, TRG Pakistan Limited, and Sui Southern Gas Company were the top traded companies with turnovers of 18.155 million shares, 16.294 million shares, and 15.109 million shares, respectively.

Ferozsons Laboratories was the top price gainer with increment of 19.47 rupees (19.09 cents) to 946.35 rupees (9.27 dollars) while on the flip side Nestle Pakistan XD led the major price shedders with decrement of 350 rupees (3.43 dollars) to 8,650 rupees (84.80 dollars). Enditem