KARACHI: Pakistan Stock Exchange Friday closed the week on a positive note on the back of continuous buying in various sectors.
BRIndex100 gained 22.63 points or 0.52 percent to close at 4,397.43 points. BRIndex100 hit intraday high of 4,412.04 and intraday low of 4,375.01 points. Volumes stood at 379.806 million shares.
BRIndex30 increased by 115.71 points or 0.52 percent to close at 22,230.23 points with a turnover of 216.896 million shares.
The KSE-100 Index surged by 159.28 points to once again cross 42,000 psychological level to close at 42,207.00. Daily trading volumes on the ready counter stood at 427.911 million shares as compared to 420.324 million shares traded Thursday.
Foreign investors however remained net sellers of shares worth $3.866 million. The market capitalization increased by Rs 31 to Rs 7.729 trillion. Out of total 409 active scrips, 234 closed in positive and 151 in negative while the value of 24 stocks remained unchanged.
TRG Pak was the volume leader with 42.628 million shares and increased by Rs 2.50 to close at Rs 72.57 followed by Pak Refinery that gained Rs 0.49 to close at Rs 20.13 with 30.971 million shares. Sapphire Fiber and Nestle Pakistan were the top gainers increasing by Rs 55.00 and Rs 24.80 respectively to close at Rs 1025.00 and Rs 6585.05 while Indus Dyeing and Sapphire Textile were the top losers declining by Rs 39.49 and Rs 33.10 respectively to close at Rs 498.00 and Rs 952.00.
BR Automobile Assembler Index lost 16.51 points or 0.2 percent to close at 8,385.86 points with total turnover of 4.857 million shares.
BR Cement Index inched up by 3.52 points or 0.06 percent to close at 5,999.05 points with 30.407 million shares.
BR Commercial Banks Index gained 50.27 points or 0.58 percent to close at 8,697.64 points with 18.240 million shares.
BR Power Generation and Distribution Index closed at 5,079.53 points, up 7.83 points or 0.15 percent with 24.527 million shares.
BR Oil and Gas Index increased by 25.76 points or 0.66 percent to close at 3,953.73 points with 26.181 million shares.
BR Tech. & Comm. Index surged by 45.17 points or 2.02 percent to close at 2,284.62 points with 101.206 million shares.
Maaz Mulla at JS Global Capital said that bears were defeated in the session as the market closed in the green zone. The KSE-100 Index opened positive and touched a high of up 269 points. The market remained green throughout the day and closed at 42,207, 159 points level.
An increase in oil prices in the international market lead to an increase in local market of the respective stocks where POL (up 0.5 percent), OGDC (up 2.6 percent), PPL (up 0.9 percent) were the major movers of the mentioned sector.
Steel sector out performed in the trading session where ASTL (up 7.5 percent), AGHA (up 4.8 percent), MUGHAL (up 4.0 percent) and INIL (up 3.2 percent) gained to close higher than their previous day close.
Refinery sector continued its positive trend where NRL (up 7.5 percent) closed at its upper cap and ATRL (up 5.1 percent) and PRL (up 2.5 percent) closed in the green region.
Copyright Business Recorder, 2020
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