KSE dips value for second straight day

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KARACHI, Jul 24: Karachi Stock Exchange (KSE) recorded bearish trade for second consecutive day on Friday as investors resorted to securing profits at higher levels in the final trading session of the shortened week due to Eid holidays.

The benchmark KSE 100-Index decline by 0.33 percent or 119.79 points to 35,815.20 points on Friday when compared with 35,934.99 points recorded on Thursday.

During the three-session week that ended on July 24, the main index slid by 72.46 points with two out of three sessions closing in red territory.

The KSE All Share Index dipped slightly by 0.02 percent or 5.15 points to 24,957.63 points, the KSE 30-Index skidded lower by 0.48 percent or 106.36 points to 22,191.51 points, whereas the KMI 30- Index fell by 0.5 percent or 294.15 points to 58,861.06 points.

During Friday’s trading session, the key index touched an intraday high of 35,982.13 points as against an intraday low of 35, 759.99 points.

Market volumes improved by 36.09 percent or 207.719 million shares to 783.331 million shares on Friday as against 575.612 million shares posted on Thursday, the capitalization swelled by 0. 03 percent or 2.042 billion rupees to 7.713 trillion rupees, whereas the trading value dropped 8.32 percent or 1.401 billion rupees to 15.448 billion rupees.

During the week that ended on Friday, the top Pakistani bourse recorded total volumes of 1.98 billion shares at average daily turnovers of 66.013 million shares.

Among 387 active scrips on Friday, prices of 188 issues advanced, 178 depleted, whereas values of 21 other companies stayed unchanged for the week.

Silk Bank, Telecard Ltd, and Lotte Chemical were the top traded companies with turnovers of 99.899 million shares, 67.348 million shares, and 49.158 million shares, respectively.

Rafhan Maize was the top price catcher with increment of 519.95 rupees to 11,019.95 rupees while on the flip side Atlas Battery led the major price shedders with decrement of 39.72 rupees to 785. 28 rupees.

 

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