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KSE jumps to fresh all-time high ahead of MPS

English.news.cn   2014-01-17 21:18:26

by Jawad Hussain

ISLAMABAD, Jan. 17 (Xinhua) -- Pakistan's Karachi Stock Exchange (KSE) skyrocketed to a fresh historic all-time high above 26,900 points amid healthy turnovers Friday head of the monetary policy statement as Engro Fertilizers made a winning market debut.

The benchmark KSE 100-Index jumped by 0.69 percent or 183.61 points to close at 26,913.85 points on Friday as against 26,730.24 points reported on Thursday.

During the four-session week ended January 17, the KSE 100- Index augmented by 425.53 points with three out of four sessions ending in green zone.

The KSE All Share Index swelled by 0.3 percent or 59.78 points to end at 20,007.45 points, the KSE 30-Index increased by 0.61 percent or 119.16 points to conclude at 19,697.62 points, whereas the KMI 30-Index gained 0.14 percent or 64.03 points to finish at 44,546.32 points.

The key index hit a new all-time intraday high of 26,973.11 points as against an intraday low of 26,730.24 points during Friday's trading session.

The much-awaited listing of Engro Fertilizers Limited (EFERT) made a winning debut Friday and augmented market cap of KSE100 by 361 million U.S. dollars.

Apart from Engro Corp, interest was seen in Nishat Mills Limited, Pakistan Telecommunication Company Limited, MCB Bank, and Bank Al-Falah Limited.

Market volumes dipped by 11.92 million shares to 336.136 million shares, capitalization improved by 55.765 billion rupees ( 531.102 million U.S. dollars) to 6.526 trillion rupees (62.16 billion U.S. dollars), whereas trading value increased by 1.833 billion rupees (17.46 million U.S. dollars) to 11.123 billion rupees (105.935 million U.S. dollars).

During the week under review, market recorded total volumes of 1.18 billion shares at average daily turnovers of 296.011 million shares.

Among 400 active scrips Friday, prices of 233 issues advanced, 152 declined, while values of 15 others stayed unchanged.

Jahangir Siddiqui Company Limited, Lotte Chemical, and Karachi Electric Supply Company were the top traded companies with turnovers of 38.357 million shares, 20.041 million shares, and 14. 667 million shares, respectively.

Unilever Foods was the top price gainer with increment of 447. 35 rupees (4.26 U.S. dollars) to close at 9,995 rupees (95.19 U.S. dollars) while Nestle Pakistan led major losers with decrement of 480 rupees (4.57 U.S. dollars) to end at 9,220 rupees (87.80 U.S. dollars).

Editor: Mengjie
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