KSE swells 0.12 pct amid corporate results

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KARACHI, Aug 13: Karachi Stock Exchange (KSE) recorded bullish traded on Thursday as upbeat investors anticipated higher returns on their investment amid corporate results season.
The benchmark KSE 100-Index gained 0.12 percent or 44.56 points to 35,937.33 points on Thursday when compared with 35,892.77 points reported on Wednesday.
The KSE All Share Index enhanced by 0.16 percent or 38.85 points to 25,082.03 points, the KSE 30-Index declined by 0.17 percent or 38.56 points to 22,111.72 points, whereas the KMI 30- Index increased by 0.12 percent or 69.31 points to 59,729.03 points.
During Thursday’s trading session, the key index touched an intraday high of 36,052.62 points as against an intraday low of 35, 887.30 points.
Pakistan Oilfields Ltd (POL) announced its FY15 result Thursday thereby reporting earnings of 8.5 billion rupees (EPS: 35. 8 rupees) — down 34 percent on year-on-year comparison. The result accompanied a cash dividend of 25 rupees per share, taking full year payout to 40 rupees per share.
Market volumes improved by 5.59 percent or 20.111 million shares to 380.072 million shares on Thursday as against 359.960 million shares posted on Wednesday, the capitalization augmented by 0.16 percent or 12.575 billion rupees to 7.760 trillion rupees, whereas the trading value depleted by 17.81 percent or 2.397 billion rupees to 11.063 billion rupees.
Among 403 active scrips on Thursday, prices of 210 issues advanced, 173 reduced, whereas values of 20 other companies stayed unchanged.
Silk Bank(R) SPOT, Karachi Electric Ltd, and TRG Pakistan Ltd were the top traded companies with turnovers of 54.158 million shares, 47.097 million shares, and 21.076 million shares, respectively.
Rafhan Maize was the top price gainer with increment of 200 rupees to 10,000 rupees while on the flip side Unilever Foods led the major price shedders with decrement of 425 rupees to 8,075 rupees.

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