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Roundup: KSE flirts with 33k in 4th straight bullish session

Xinhua, December 7, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded fourth straight bullish session on Monday as the main index flirted with the psychological milestone of 33,000 points but pared early gains towards the end which forced it to close below the crucial level.

The benchmark KSE 100-Index gained 0.45 percent or 145.63 points to 32,853.54 points on Monday when compared with 32,707.91 points recorded on Friday. The main index has collected 1,144.18 points during the four-day bullish run.

The KSE All Share Index increased by 0.2 percent or 45.81 points to 22,912.26 points, the KSE 30-Index swelled by 0.24 percent or 46.19 points to 19,246.25 points, the KMI 30-Index jumped by 0.96 percent or 520.85 points to 54,948.30 points, whereas the Islamic All Share Index surged by 0.74 percent or 113.05 points to 15,311.86 points.

During Monday's trading session, the key index moved in a medium range of 415.22 points as it touched an intraday high of 33,010.22 points as against an intraday low of 32,595 points.

Market volumes increased by 19.79 percent or 25.674 million shares to 155.397 million shares on Monday when compared with 129.722 million shares posted on Friday.

Market capitalization improved by 0.16 percent or 11.144 billion rupees (109.262 million U.S. dollars) to 6.933 trillion rupees (67.975 billion U.S. dollars) whereas the trade value augmented by 18.09 percent or 1.235 billion rupees (12.114 million U.S. dollars) to 8.065 billion rupees (79.078 million U.S. dollars).

Among 335 active scrips on Monday, prices of 173 issues advanced, 142 declined, whereas values of 20 other companies stayed unchanged.

Karachi Electric Limited, Pakistan International Airlines, and Pak Elektron Limited were the top traded companies with turnovers of 9.165 million shares, 9.020 million shares, and 8.438 million shares, respectively.

Ferozsons Laboratories was the top price gainer with increment of 36.36 rupees (35.65 U.S. cents) to 991.82 rupees (9.72 U.S. dollars) while on the other hand Exide Pakistan led the major price shedders with decrement of 41.27 rupees (40.46 U.S. cents) to 863.73 rupees (8.46 U.S. dollars). Enditem