The Karachi Stock Exchange (KSE) declined for fifth straight day on Friday as local investors followed the suit of foreigners.
The benchmark KSE 100-Index slumped by 1.99 per cent or 699.82 points to 34,519.77 points on Friday when compared with 35,219.59 points reported on Thursday.
During the week that ended on August 21, the main index plummeted by 1,417.56 points with all the five trading sessions ending in red territory.
The KSE All Share Index plunged by 1.67 per cent or 410.85 points to 24,128.62 points, the KSE 30-Index depleted by 2.37 per cent or 512.05 points to 21,108.19 points, whereas the KMI 30- Index slipped by 2.15 per cent or 1,265.41 points to 57,563.20 points.During Friday’s trading session, the key index touched an intraday high of 35,278.88 points as against an intraday low of 34, 275.45 points.
Market volumes improved by 11.64 per cent or 32.787 million shares to 314.498 million shares on Friday as against 281.711 million shares posted on Thursday, the capitalisation dipped by 1. 67 percent or Rs 126.981 billion (1.269 billion US dollars) to Rs 7.464 trillion (74.646 billion U.S. dollars), whereas the trading value swelled by 29.74 per cent or Rs 3.193 billion (31.934 million US dollars) to Rs 13.932 billion (139.323 million US dollars).
During the week that ended on Friday, the top Pakistani bourse witnessed total volumes of 1.432 billion shares at average daily turnovers of 286.495 million shares.
Among 378 active scrips on Friday, prices of 302 issues declined, 58 managed to advance, whereas values of 18 other companies stayed unchanged.
Karachi Electric Limited continued to lead the top traded companies with volume of 37.985 million shares, followed by Jahangir Siddiqui Company Limited, TRG Pakistan Limited SPOT, and Dewan Cement with turnovers of 14.616 million shares, 12.355 million shares, and 12.295 million shares, respectively.
Indus Dyeing was the top price gainer with increment of Rs 53.52 (53.52 U.S. cents) to Rs 1,140 (11.40 U.S. dollars) while on the flip side Colgate Palmolive led the major price shedders with decrement of Rs 40 (40 U.S. cents) to Rs 1,450 (14.50 U.S. dollars).
