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Roundup: Pakistan's KSE rebounds after 10-day bearish rule

Xinhua, December 2, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) returned to bullish ways on Wednesday after 10 days of bearish rule as investors pounced on the attractive offerings at lower levels in heavyweights like MCB Bank, Engro Corporation, and Hub Power Company.

The benchmark KSE 100-Index jumped by 2.16 percent or 683.56 points to 32,392.92 points, compared with Tuesday's 31,709.36 points. The key index slumped by 6.9 percent or 2,356.51 points during the 10-day bearish trail.

The KSE All Share Index surged by 1.84 percent or 411.66 points to 22,735.57 points, the KSE 30-Index augmented by 2.28 percent or 425.62 points to 19,079.06 points, the KMI 30-Index soared by 2.47 percent or 1,295.97 points to 53,768.98 points, whereas the Islamic All Share Index skyrocketed by 2.06 percent or 302.93 points to 15,026.57 points.

During Wednesday's trading session, the main index moved in a range of 767.93 points as it touched an intraday high of 32,440.16 points as against an intraday low of 31,672.23 points.

Market volumes swelled by 1.2 percent or 1.877 million shares to 191.533 million shares on Wednesday, compared with 189.256 million shares posted on Tuesday.

Trade value swelled by 1.546 billion rupees (15.160 million U.S. dollars) to 9.339 billion rupees (91.565 million dollars) whereas market capitalization improved by 1.84 percent or 124.451 billion rupees (1.220 billion dollars) to 6.893 trillion rupees (67.582 billion dollars).

Among 347 active scrips on Wednesday, the prices of 265 issues advanced, 65 declined and 17 others stayed unchanged.

The Bank of Punjab, TRG Pakistan Limited and Pak Elektron Limited were the top traded companies with turnovers of 17.710 million shares, 16.108 million shares, and 13.473 million shares, respectively.

Unilever Foods was the top price gainer with increment of 110 rupees (1.07 dollars) to 6,000 rupees (58.82 dollars) while on the flip side Ghandhara Industries led the major price shedders with decrement of 15.55 rupees (15.25 cents) to 295.54 rupees (2.89 dollars). Enditem