Off the wire
• SCO members vow deeper cooperation under Belt and Road Initiative  • Full text of joint communique on outcomes of 14th SCO prime ministers' meeting (Part I)  • Chinese community in S. Africa marches against crime  • Full text of joint communique on outcomes of 14th SCO prime ministers' meeting (Part III)  • Full text of SCO prime ministers' statement on regional economic cooperation  • Full text of joint communique on outcomes of 14th SCO prime ministers' meeting (Part II)  • Central Bank warns Kenyans against using virtual currencies  • Security forces foil six suicide car bomb attacks in Iraq's Anbar  • New round of Yemen peace talks open in Switzerland  • Hudson returns to China one day after birth of his daughter  
You are here: 　 Home

Roundup: KSE falls again amid Karachi operation uncertainty

Xinhua, December 15, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) fell for second straight day over confusion on future of an army-led operation against terrorists and corrupt elements in Sindh province which resulted in selling in banks and cements stocks.

The benchmark KSE 100-Index declined by 0.89 percent or 290.78 points to 32,467.04 points on Tuesday when compared with 32,757.82 points recorded on Monday.

The KSE All Share Index slid by 0.75 percent or 169.35 points to 22,538.36 points, the KSE 30-Index dipped by 0.85 percent or 164.01 points to 19,066.82 points, the KMI 30-Index went down by 0.6 percent or 326.73 points to 54,081.37 points, whereas the Islamic All Share Index shed 0.41 percent or 63.15 points to 15,175.97 points.

During Tuesday's trading session, the key index moved in a range of 574.52 points as it touched an intraday high of 32,994.96 points as against an intraday low of 32,420.44 points.

Local investors remained cautious amid growing tension between Sindh and Federal government on the issue of extending period of powers to Pakistan Rangers in Karachi.

Market volumes improved slightly by 0.68 percent or 983,780 shares to 145.502 million shares on Tuesday when compared with 144.518 million shares posted on Monday.

Market capitalization reduced by 0.75 percent or 51.966 billion rupees (509.478 million U.S. dollars) to 6.833 trillion rupees (66.998 billion U.S. dollars) while trade value increased by 26.28 percent or 1.922 billion rupees (18.850 million U.S. dollars) to 9.238 billion rupees (90.575 million U.S. dollars).

Among 335 active scrips on Tuesday, prices of 219 issues decelerated, 99 advanced, whereas values of 17 other companies stayed unchanged.

TRG Pakistan Limited, Pak Elektron Limited, and Attock Refinery were the top traded companies with turnovers of 18.675 million shares, 8.08 million shares, and 7.834 million shares, respectively.

Siemens Pakistan was the top price gainer with increment of 30 rupees (29.41 U.S. cents) to 950 rupees (9.31 U.S. dollars) while on the flip side Nestle Pakistan led the major price shedders with decrement of 374.53 rupees (3.67 U.S. dollars) to 7,116.22 rupees (69.76 U.S. dollars). Enditem