ISLAMABAD: Karachi Stock Exchange recorded bullish trade for fifth straight day on Friday as institutional investors remained on the buying side as part of the post-budget bullish rally which has injected over 600 points into the main index.
The benchmark KSE 100-Index gained 0.16 percent or 56.59 points to 34,651.29 points on Friday when compared with 34,594.70 points on Thursday. During the week that ended on Friday, the key index jumped by 638.80 points with all the five trading sessions ending in green zone. The main index is currently trading 0.5 percent below its all-time historic peak of 34,826.51 points achieved on February 3, 2015. During the current month, the key index has already augmented by 1,594.5 points from 33,056.79 points witnessed on May 29.
The KSE All Share Index increased by 0.19 percent or 46.09 points to 24,230.05 points, the KSE 30-Index dipped marginally by 0.02 percent or 5.33 points to 21,878.73 points, whereas the KMI 30-Index swelled by 0.38 percent or 220.83 points to 58,730.32 points.
During Friday’s trading session, the key index touched an intraday high of 34,727.52 points as against an intraday low of 34, 575.82.
Market volumes improved by 13.29 percent or 50.685 million shares to 431.942 million shares on Friday as against 381.257 million shares posted on Thursday, the capitalization improved by 0.2 percent or 14.913 billion rupees (149.133 million U.S. dollars) to 7.464 trillion rupees (74.647 billion U.S. dollars), whereas the trading value reduced by 3.48 percent or 560.327 million rupees (5.603 million U.S. dollars) to 15.563 billion rupees (155. 637 million U.S. dollars).
During the week that culminated on Friday, the top Pakistani bourse reported total volumes of 1.999 billion shares at average daily turnovers of 399.860 million shares.
Among 385 active scrips on Friday, prices of 208 issues advanced, 154 slipped, whereas values of 23 other companies stayed unchanged.
Byco Petroleum, Dewan Cement, and Lotte Chemical were the top traded companies with turnovers of 41.181 million shares, 27.158 million shares, and 26.943 million shares, respectively.
Rafhan Maize was the top price gainer with increment of 286 rupees (2.86 U.S. dollars) to 9,086 rupees (90.86 U.S. dollars) while on the flip side Bata Pakistan led the major price shedders with decrement of 155 rupees (1.55 U.S. dollars) to 3,000 rupees ( 30 U.S. dollars).
