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Roundup: Pakistan's KSE stays bullish amid range-bound trade

Xinhua, December 29, 2015 Adjust font size:

Pakistan's Karachi Stock Exchange (KSE) recorded the second straight bullish session on Tuesday but overall trend was on the dull side due to inactive participation by both local and foreign investors.

The benchmark KSE 100-Index increased by 0.42 percent or 137.85 points to 32,811.89 points, compared with Monday's 32,674.04 points. During the two-day bullish run, the main index surged by 301.36 points.

The KSE All Share Index grew by 0.56 percent or 128.37 points to 22,868.03 points, the KSE 30-Index gained 0.61 percent or 116.22 points to 19,309.82 points, the KMI 30-Index surged by 0.85 percent or 468.375 points to 55,647.21 points, whereas the Islamic All Share Index swelled by 0.37 percent or 56.20 points to 15,448.28 points.

During Tuesday's trading session, the key index moved in a remote range of 280.96 points as it touched an intraday high of 32,952.42 points as against an intraday low of 32,671.46 points.

Market volumes improved by 20.58 percent or 24.701 million shares to 144.739 million shares on Tuesday, compared with 120.038 million shares posted on Monday.

Market capitalization augmented by 0.58 percent or 39.969 billion rupees (391.861 million U.S. dollars) to 6.928 trillion rupees (67.926 billion dollars) whereas trade value grew by 20.86 percent or 1.479 billion rupees (14.506 million dollars) to 8.573 billion rupees (84.050 million dollars).

Among 346 active scrips on Tuesday, prices of 204 issues declined despite of a bullish day, 120 stayed green, whereas values of 22 other companies remained static.

TRG Pakistan Limited, Jahangir Siddiqui Company Limited, and Pak Elektron Limited were the top traded companies with turnovers of 16.091 million shares, 10.916 million shares, and 9.146 million shares, respectively.

Nestle Pakistan was the top price gainer with increment of 380 rupees (3.72 dollars) to 7,980 rupees (78.23 dollars) while on the other hand Atlas Battery led the major price shedders with decrement of 33.95 rupees (33.28 cents) to 755.05 rupees (7.40 dollars). Enditem