KSE surges 0.65 pct, volumes grow


KARACHI, Aug 5: Karachi Stock Exchange (KSE) recorded bullish trade for seventh straight day on Wednesday as investors continued buying positions amid positive corporate results and Supreme Court’s ruling in the 18th and 21st amendments case.
The benchmark KSE 100-Index surged by 0.65 percent or 235.12 points to 36,156.83 points on Wednesday when compared with 35,921. 71 points posted on Tuesday.
The KSE All Share Index increased by 0.65 percent or 160.85 points to 25,065.24 points, the KSE 30-Index gained 0.6 percent or 135.11 points to 22,506.60 points, whereas the KMI 30-Index jumped by 1.08 percent or 640.83 points to 59,843.64 points.
During Wednesday’s trading session, the key index touched an intraday high of 36,266.44 points as against an intraday low of 35, 921.71 points.
Market volumes swelled by 8.39 percent or 26.065 million shares to 336.736 million shares on Wednesday as against 310.670 million shares witnessed on Tuesday, the capitalization grew 0.65 percent or 49.876 billion rupees  to 7.763 trillion rupees, whereas the trading value skyrocketed by 16.24 percent or 2.193 billion rupees to 15.703 billion rupees.
Among 392 active scrips on Wednesday, the prices of 225 issues advanced, 147 declined, whereas values of 20 other companies stayed unchanged.
Silk Bank(R), Quice Food and Karachi Electric Ltd were the top traded companies with turnovers of 39.006 million shares, 17. 430 million shares and 16.718 million shares, respectively.
Hinopak MotorXD was the top price gainer with increment of 51. 81 rupees to 1,088.01 rupees  while on the flip side Nestle Pakistan led the major price shedders with decrement of 200 rupees  to 10, 500 rupees.


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