Arab Today, arab today kse sheds 022 pct after hitting 17000mark
Last Updated : GMT 11:27:27
Arab Today, arab today
Arab Today, arab today

KSE sheds 0.22 pct after hitting 17,000-mark

Arab Today, arab today

Arab Today, arab today KSE sheds 0.22 pct after hitting 17,000-mark

Islamabad - XINHUA

Equities at Pakistan\'s Karachi Stock Exchange (KSE) achieved an all-time intraday high above the historic 17,000 levels on Monday but profit-taking clipped wings of the high-flying bulls towards the end of the session as investors\' participation depicted better numbers. The benchmark KSE 100-Index shed 0.22 percent or 37.86 points but managed to keep the psychological 16,900 levels as it ended trading at 16,905.33 levels on Monday as against close of 16,943. 19 levels recorded on Friday as Pakistan International Airlines, TRG Pakistan Limited, Jahangir Siddiqui Company Limited, and Azgard Nine Limited empowered bears to make their way back into contention. The KSE All Share Index dipped by 0.34 percent or 41.05 points to end at 11,964.24 levels as against Friday\'s levels of 12,005.29, the KSE 30-Index dropped 0.23 percent or 31.56 points to conclude at 13,764 levels on Monday as against Friday\'s 13,795.56 levels, whereas the KMI 30-Index fell by 0.36 percent or 105.47 points to finish the inaugural day of the week at 29,125.55 levels on Monday when compared with 29,213.02 levels recorded in final trading session of the previous week. The Karachi Stock Exchange showed promise in the early hours of trading which helped the main index to storm past the historic 17, 000 levels at round halfway stage and soon it hit the highest-ever intraday levels of 17,031.84. The last time the key index had smacked an all-time intraday high was on Dec. 21, 2012 when it touched 16,967.82 levels during intraday trade. However, some profit-taking took the strength out of the bulls above 17,000 levels and it came below the historic levels and entered the red terrain in the second half where minutes before the closing bells the key index was recorded languishing at the lowest level of the day of 16,889.96 before managing to close the session above 16,900 levels. Market analysts are of the view that most of the stocks ended in red territory on first trading day of the fresh week as some scrips performed well owing to some specific news in their respective sectors. They stated that despite of the fact that Byco Petroleum (53 paisas), Bank of Punjab (1 rupees), NIB Bank Limited (11 paisas), Maple Leaf Cement (3 paisas), and Pakistan Telecommunication Company Limited (24 paisas) ended in green zone, profit-selling in Fauji Cement (-5 paisas), Lotte Pakistan PTA Limited (-8 paisas), Karachi Electric Supply Company (-18 paisas), and Engro Foods Limited (-76 paisas) hurt the market sentiments. Samar Iqbal, equity dealer at Topline Securities, informed Xinhua, \"Though the market crossed 17,000 points mark for the first time, it closed below the psychological level.\" \"Bank of Punjab remained in the limelight after news of recovery of funds,\" she mentioned. Talking about the market turnovers, Samar Iqbal viewed, \" Volumes also showed some signs of improvement as year-end factor seemed to fade out and all in all market gained 49 percent in the calendar year ending Monday mainly because of substantial decrease in interest rates.\" Market volumes improved by 23.213 million shares to 177.671 million shares on Monday as against trading of 154.458 million shares recorded on final trading day of the previous week. Market capitalization declined by 14.554 billion rupees (148. 512 million U.S. dollars) to 4.242 trillion rupees (43.288 billion U.S. dollars) on Monday when compared with market capitalization worth 4.256 trillion rupees (43.437 billion U.S. dollars) reported the other day. The Karachi Stock Exchange\'s trading value got better by 783. 049 million rupees (7.990 million U.S. dollars) to 4.438 billion rupees (45.292 million US dollars) on Monday as compared with Friday\'s trading value worth 3.655 billion rupees (37.302 million U.S. dollars). As per the figures released by the National Clearing Company of Pakistan Limited (NCCPL), the foreign investors came up with net selling of 418.380 million rupees (4.269 million U.S. dollars) on Friday to take December\'s net selling tally to 851.295 million rupees (8.780 million U.S. dollars). In broader market, a total of 350 companies changed hands during the course of trading on Monday where prices of 184 issues nosedived into the red ink, 141 managed to close in green zone, whereas values of 25 other scrips stayed stable at Friday\'s levels. Byco Petroleum was the top traded company of the day with trading of 16.316 million shares in its scrip, followed by Bank of Punjab, Pakistan Telecommunication Company Limited, Maple Leaf Cement, NIB Bank Limited, Pakistan International Airlines, TRG Pakistan Limited, Jahangir Siddiqui Company Limited, Azgard Nine Limited, and Dewan Cement with turnovers of 12.534 million shares, 11.980 million shares, 10.951 million shares, 10.806 million shares, 7.745 million shares, 6.671 million shares, 5.229 million shares, 5.226 million shares, and 4.711 million shares, respectively. Unilever Food was the top price gainer of the day as its per share price augmented by 100 rupees (1.02 U.S. dollars) to close at 4,300 rupees (43.877 U.S. dollars) while on the other hand UniLever Pakistan led the major price shedders after losing 400 rupees (4.08 U.S. dollars) a share to finish the day at 10,100 rupees (103.06 U.S. dollars).

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kse sheds 022 pct after hitting 17000mark Arab Today, arab today kse sheds 022 pct after hitting 17000mark

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday