Pakistan Stock Exchange witnessed mixed trend as the investors opted to stay on the sidelines. BRIndex100 closed at 4,424.12 points, slightly up by 3.24 points or 0.07 percent Monday. BRIndex100 touched intraday high of 4,463.91 points and an intraday low of 4,418.90 points. Volumes stood at 79.009 million shares.
BRIndex30 gained 94.74 points or 0.43 percent to close at 22,312.90 points with a turnover of 48.978 million shares.
The benchmark KSE-100 index increased by 25.13 points to close at 41,648.65 points. Daily trading volumes increased to 88.458 million shares as compared to 82.848 million shares traded Friday.
The market capitalization increased by Rs 11 billion to Rs 8.651 trillion. Out of total 325 active scrips, 179 closed in negative, 126 in positive while the value of 20 stocks remained unchanged.
Fauji Cement was the volume leader with 6.045 million shares. It gained Re 0.30 to close at Rs 24.61 followed by Pak Elektron that inched up by Re 0.26 to close at Rs 35.82 with 5.927 million shares. Pak Tobacco and Island Textile were the top gainers with Rs 87.00 and Rs 50.99, respectively to close at Rs 2,000.00 and Rs 1,139.99. Bata Pak and Siemens Pak were the top losers with Rs 113.04 and Rs 17.60, respectively to close at Rs 2,165.96 and Rs 1,056.40.
BR Commercial Banks Index surged by 30.15 points or 0.36 percent to close at 8,385.90 points with total turnover of 14.478 million shares. BR Cement Index increased by 19.07 points or 0.38 percent to close at 5,095.10 points with 9.115 million shares.
BR Oil and Gas Index decreased by 28.2 points or 0.53 percent to close at 5,261.30 points with 3.921 million shares.
BR Tech. & Comm. Index lost 7.93 points or 0.73 percent to close at 1,073.34 points with 5.785 million shares.
BR Power Generation and Distribution Index closed at 6,121.86 points, down 54.77 points or 0.89 percent with 2.525 million shares.
Maaz Mulla at JS Global Capital said that the PSX witnessed a lackluster session, where the benchmark KSE-100 index made an intraday high of plus 289 points and an intraday low of down 32 points to close at 41,649, up 25 points). Market opened positive as institutional participation was witnessed mainly in the main board stocks.
The Commercial banks led the positivity where big banks such as HBL (up 2.27 percent), NBP (up 0.49 percent) and UBL (up 1.49 percent) gained to close higher than their previous day close. Investor interest was seen in the cement sector as it close (up 0.2 percent) higher, where FCCL (up 1.23 percent), MLCF (up 1.53 percent), DGKC (up 0.89 percent) and LUCK (up 0.46 percent) closed in the green zone. E&P remained under pressure where POL (down 1.23 percent) and OGDC (down 0.84 percent) closed in the red zone despite oil prices edging higher in the international market.
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