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Pakistani Stocks Stretch Bullish Run to 4th Session-Aug 2
 

The Pakistan Stock Exchange (PSX) continued to register bullish trading activities for the fourth straight day on Wednesday as investors remained upbeat about the upcoming financial results of the listed companies.

The Pakistan Stock Exchange's benchmark KSE 100-Index increased by 0.89 percent, or 415.61 points, to 46,949.04 on Wednesday when compared with 46,533.43 points reported on Tuesday. During the four-day bullish stretch, the main index has accumulated 1,043.28 points.

The KSE All-Share Index gained 0.71 percent or 232.64 points to 33,102.25 points, the KSE 30-Index surged by 1.11 percent, or 267.12 points, to 24,426.50 points, the KMI 30-Index expanded by 0.55 percent, or 444.66 points, to 81,176.49 points, whereas the Islamic All-Share Index swelled by 0.67 percent, or 155.52 points, to 23,328.82 points.

During Wednesday's trading session, the main index moved in a broader range of 456.98 points as it touched an intraday high of 46,990.41 points as against an intraday low of 46,533.43 points.

Market volumes jumped by 43.59 percent, or 111.65 million shares, to 367.79 million shares on Wednesday when compared with a trading of 256.14 million shares reported on Tuesday.

Market capitalization improved by 0.71 percent or 68.35 billion rupees (632.29 million U.S. dollars) to 9.73 trillion rupees whereas trade value dipped by 4.33 percent or 763.22 million rupees to 16.85 billion rupees.

Among 406 active scrips on Wednesday, the prices of 286 issues advanced, 101 declined, whereas values of 19 other companies stayed unchanged.

Karachi Electric Limited, Bank of Punjab, and TRG Pakistan Limited were the top traded companies with turnovers of 29.46 million shares, 24.04 million shares, and 23.31 million shares, respectively.

Sanofi-Aventis was the top price accumulator with an increment of 91.23 rupees to close at 1,915.84 rupees while on the other hand, Sapphire Textiles led the major price shedders with a decrement of 46.00 rupees to finish the day at 1,800.00 rupees. (1 U.S. dollar = 108.10 rupees)


(www.chinaview.cn 2017-08-03)
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