KSE records third straight bullish day

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KARACHI, Jul 30:  Karachi Stock Exchange (KSE) reported bullish trade for third consecutive day on Thursday as investors remained upbeat in the market owing to recovery in major global bourses amid Iran-West nuclear deal and rising international oil prices in Asian markets.
The benchmark KSE 100-Index gained 0.15 percent or 53.51 points to 35,730.01 points on Thursday when compared with 35,676.50 points posted on Wednesday. During the three-day bullish trail, the main index has jumped by 554.52 points but it is yet to fully recover from the 639.71 points slump on Monday.
The KSE All Share Index moved up slightly by 0.11 percent or 27. 38 points to 24,851.31 points, the KSE 30-Index increased by 0.33 percent or 72.99 points to 22,248.97 points, whereas the KMI 30- Index surged by 0.13 percent or 76.19 points to 58,601.12 points.
During Thursday’s trading session, the key index touched an intraday high of 35,996.36 points as against an intraday low of 35, 508.82 points.
Market volumes improved by 21.38 percent or 75.424 million shares to 428.153 million shares on Thursday as against 352.729 million shares posted on Wednesday, whereas the trading value ballooned by 3.91 percent or 544.801 million rupees to 14.469 billion rupees.
Among 365 active scrips on Thursday, prices of 225 issues declined, 126 advanced, whereas values of 14 other companies stayed unchanged.
Silk Bank(R), Karachi Electric Ltd, and Byco Petroleum Ltd were the top traded companies with turnovers of 39.705 million shares, 25.065 million shares, and 21.563 million shares, respectively.
Bata Pakistan was the top price gainer with increment of 167.83 rupees to 3,541 rupees while on the flip side Rafhan Maize led the major price shedders with decrement of 275 rupees to 9,675 rupees.

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