KSE back to bullish ways over renewed buying

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The Karachi Stock Exchange (KSE) recorded bullish trading activities on Thursday as the main index regained the 33,900 points-mark on the back of buying at lower levels after recent profit-booking spree.

The benchmark KSE 100-Index surged by 0.66 per cent or 223.42 points to 33,942.28 points on Thursday when compared with 33,718. 86 points posted on Wednesday.

The KSE All Share Index increased by 0.33 per cent or 79.37 points to 24,353.57 points, the KSE 30-Index gained 0.65 per cent or 142.23 points to 22,085.46 points, whereas the KMI 30-Index bucked the trend with 0.03 per cent or 14.90 points decline to 54, 455.22 points.

During Thursday’s trading session, the key index touched an intraday high of 33,988.16 points as against an intraday low of 33, 641.99 points.

Market volumes improved by 46.22 per cent or 75.925 million shares to 240.194 million shares on Thursday as against 164.269 million shares recorded on Wednesday, the capitalization swelled by 0.33 per cent or Rs 25.088 billion to Rs 7.683 trillion, whereas the trading value ballooned by 64.76 per cent or Rs 4.973 billion to Rs 12.652 billion.

Among 370 active scrips on Thursday, prices of 230 issues advanced, 121 declined, whereas values of 19 other companies stayed unchanged.

Pakistan International Airlines, Pak Elektron Limited, and Jahangir Siddiqui Company Limited were the top traded companies of the day with turnovers of 24.086 million shares, 22.562 million shares, and 17.135 million shares, respectively.

Rafhan Maize was the top price gainer of the day with increment of Rs 249 to Rs 10,949 while on the other hand Unilever Foods led the major price shedders with decrement of Rs 505 to Rs 9,595.