Off the wire
• Iraqi PM to visit China  • France lowers quarterly growth due to Paris attacks impact  • China sets to stress test securities, futures institutions  • 4 Iraqi refugees, including 2 infants, drown off Turkish coast  • Bank of Japan unveiles fresh measures to increase wages, business spending  • Iran to drop lawsuit against Russia: official  • Norway's Statoil presents development plan for Oseberg Vestflanken 2  • IOC publishes Olympic Movement code  • 4 key players extend with Bayern  • Yemen's Houthis fire 2 ballistic missiles on coalition targets  
You are here: 　 Home

Roundup: Pakistan's KSE follows global bears amid low turnover

Xinhua, December 18, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) kept tracking international equity markets for the second straight day on Friday as slumps in global stocks hurt local equities where investors refrained from active participation.

The benchmark KSE 100-Index declined by 1 percent or 332.50 points to 32,777.04 points on Friday, from Thursday's 33,109.54 points.

During the week, the main index trimmed down by 271.47 points as three out of five trading sessions ended in red zone.

The KSE All Share Index fell by 0.73 percent or 166.72 points to 22,741.42 points, the KSE 30-Index sank by 1.26 percent or 246.97 points to 19,319.32 points, the KMI 30-Index plummeted by 0.58 percent or 320.41 points to 55,050.91 points, whereas the Islamic All Share Index reduced by 0.4 percent or 61.20 points to 15,392.66 points.

During Friday's trading session, the key index moved in a moderate range of 432.94 points as it touched an intraday peak of 33,176.72 points as against an intraday trough of 32,743.78 points.

Market volumes depleted by 19.56 percent or 27.804 million shares to 114.378 million shares on Friday from Thursday's 142.182 million shares.

During the week under review, the top Pakistani bourse recorded total volumes of 695.59 million shares, at an average daily turnover of 139.11 million shares.

Market capitalization decreased by 0.74 percent or 51.245 billion rupees (502.411 million U.S. dollars) to 6.895 trillion rupees (67.603 billion dollars) while trade value receded by 7.53 percent or 748.485 million rupees (7.338 million dollars) to 9.193 billion rupees (90.135 million dollars).

Among 325 active scrips on Friday, prices of 195 issues headed southward, 100 travelled northward, whereas values of 30 other issues stayed stable for the week.

Habib Bank Limited, Bank of Punjab, and Pakistan International Bulk Terminal were the top traded companies with turnovers of 7.761 million shares, 6.305 million shares, and 5.899 million shares, respectively.

Ferozsons Labs was the top price gainer with increment of 33.91 rupees (33.25 cents) to 1,093.13 rupees (10.71 dollars) while Rafhan Maize led the major price shedders with decrement of 287.50 rupees (2.81 dollars) to 8,500 rupees (83.33 dollars). Enditem