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Roundup: PSX swells to fresh peak amid uncertain global markets

Xinhua, October 13, 2016 Adjust font size:

The Pakistan Stock Exchange (PSX) achieved yet another all-time peak in a range-bound trading session on Thursday as investors showed little interest in major trading amid uncertainty in the international stock and oil markets.

The Pakistan Stock Exchange's benchmark KSE 100-Index inched up marginally by 0.02 percent or 8.07 points to 41,412.04 points on Thursday when compared with 41,403.97 points recorded on Monday.

The KSE All-Share Index gained 0.12 percent or 33.61 points to 28,429.38 points, the KSE 30-Index fell by 0.11 percent or 24.59 points to 22,637.64 points, the KMI 30-Index swelled by 0.12 percent or 83.60 points to 70,005.44 points, whereas the Islamic All-Share Index increased by 0.1 percent or 19.13 points to 19,632.20 points.

During Thursday's trading session, the main index moved in a narrow range of 289.05 points as it touched an all-time intraday high of 41,629.32 points as against an intraday low of 41,340.27 points.

The investors in the local showed concerns over uncertainty in international equity and oil markets and refrained from an active participation which resulted in dull trade. Auto stocks rallied on the back of depreciating yen as Pak-Suzuki Motor Company (PSMC), Honda Atlas Car (HCAR) and Indus Motor (INDU) closed at their upper limits of 5 percent.

Pakistan Telecommunication Company Limited (PTCL) announced earnings per share of 0.17 rupees which was in line with the street consensus and the stock finished 1.9 percent lower.

Market volumes improved by 21.40 percent or 77.686 million shares to 440.737 million shares on Thursday when compared with 363.050 million shares posted on Monday.

Market capitalization grew by 0.07 percent or 5.99 billion rupees (58.726 million U.S. dollars) to 8.427 trillion rupees (82.624 billion U.S. dollars) whereas trade value jacked up by 22.66 percent or 2.718 billion rupees (26.656 million U.S. dollars) to 14.715 billion rupees (144.268 million U.S. dollars).

Among 458 active scrips on Thursday, prices of 233 issues depleted, 211 advanced, whereas values of 14 other companies stayed unchanged.

Bank of Punjab, Aisha Steel Mill, and Askari Bank Limited were the top traded companies with turnovers of 64.607 million shares, 18.891 million shares, and 17.509 million shares, respectively.

Unilever Foods XD was the top price gainer with an increment of 264.99 rupees (2.59 U.S. dollars) to 5,564.99 rupees (54.56 U.S. dollars) while on the other hand, Nestle Pakistan led the top price decliners with a decrement of 99.2 rupees (97.25 U.S. cents) to 7,800 rupees (76.47 U.S. dollars). Enditem