KARACHI: Pakistan Stock Exchange Wednesday witnessed a positive trend on the back of fresh buying, mainly by local investors.
BRIndex100 gained 46.26 points or 1.02 percent to close at 4,598.90 points. BRIndex100 hit intraday high of 4,608.89 and intraday low of 4,553.13 points. Volumes stood at 394.053 million shares.
BRIndex30 increased by 250.95 points or 1.1 percent to close at 23,135.19 points with a turnover of 199.093 million shares.
The KSE-100 Index surged by 412.49 points or 0.95 percent to close at 43,694.76 points. Daily trading volumes stood at 455.994 million shares as compared to 503.119 million shares traded Tuesday.
Foreign investors remained net sellers of shares worth $548,917. The market capitalization increased by Rs 76 billion to Rs 8.020 trillion. Out of total 423 active scrips, 310 closed in positive and only 96 in negative while the value of 17 stocks remained unchanged.
Pak Refinery was the volume leader with 55.266 million shares and increased by Rs 1.62 to close at Rs 23.28 followed by TRG Pak that surged by Rs 5.94 to close at Rs 90.91 with 31.216 million shares. Rafhan Maize and Nestle Pakistan were the top gainers increasing by Rs 349.00 and Rs 226.00 respectively to close at Rs 9799.00 and Rs 6845.00 while Sapphire Fiber and Bhanero Textile were the top losers declining by Rs 75.00 and Rs 67.49 respectively to close at Rs 944.00 and Rs 832.51.
BR Automobile Assembler Index increased by 151.47 points or 1.77 percent to close at 8,723.90 points with total turnover of 13.259 million shares.
BR Cement Index Closed at 6,223.21 with a net positive change of 17.6 points or a percentage change of 0.28 and a total turnover of 17,472,853.
BR Commercial Banks Index gained 48.15 points or 0.54 percent to close at 8,905.40 points with 25.118 million shares.
BR Power Generation and Distribution Index inched up by 15.94 points or 0.32 percent to close at 4,985.37 points with 22.150 million shares.
BR Oil and Gas Index closed at 3,978.94 points, up 26.21 points or 0.66 percent with 30.252 million shares.
BR Tech. & Comm. Index surged by 133.09 points or 5.15 percent to close at 2,716.04 points with 60.598 million shares.
Ahsan Mehanti at Arif Habib Corporation said that the stocks showed recovery ahead of year end close led by oil, banking and cement scrips on strong earnings outlook and easing political noise.
He said investor weigh over bull-run in global equities on US stimulus, surging global crude oil prices, record over $200 million record receipts in Roshan Digital Accounts and upbeat data on current account surplus of $447 million in November 2020 played a catalyst role in bullish close.
Copyright Business Recorder, 2020
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