KSE sheds 121 points amid profit-booking

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KARACHI, Jul 23: Karachi Stock Exchange (KSE) recorded bearish trading activities on Thursday as investors resorted to booking profits at higher levels after the main index had achieved historic peak in the previous two trading sessions.

The benchmark KSE 100-Index slipped by 0.34 percent or 121.69 points to 35,934.99 points on Thursday when compared with 36,056. 68 points posted on Wednesday.

The KSE All Share Index dipped by 0.28 percent or 70.79 points to 24,962.78 points, the KSE 30-Index fell by 0.47 percent or 104. 54 points to 22,297.87 points, whereas the KMI 30-Index slid by 0. 43 percent or 255.60 points to 59,155.21 points.

During Thursday’s trading session, the key index touched an intraday high of 36,115.84 points as against an intraday low of 35, 876.78 points.

Market volumes shrank by 7.38 percent or 45.861 million shares to 575.612 million shares on Thursday when compared with 621.473 million shares posted on Wednesday, the capitalization reduced by 0.28 percent or 21.642 billion rupees to 7.711 trillion rupees, whereas the trading value improved by 1.89 percent or 312.435 million rupees to 16.850 billion rupees.

Among 398 active scrips on Thursday, prices of 208 issues depleted, 168 advanced, whereas values of 22 other companies stayed unchanged.

Dewan Cement, Bank of Punjab, and Lotte Chemical were the top traded companies with turnovers of 33.085 million shares, 30.529 million shares, and 29.184 million shares, respectively.

Nestle Pakistan was the top price gainer with increment of 279. 50 rupees to 10,524.50 rupees while on the flip side Bata Pakistan led the major price shedders with decrement of 176.83 rupees to 3, 373.17 rupees.

 

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