Bulls take control of PSX: BRIndex100 keeps rising

Pakistan Stock Exchange Monday witnessed a bullish trend on the back of healthy buying in various sectors.

BRIndex100 gained 33.62 points or 0.84 percent to close at 4,012.82 points. BRIndex100 touched intraday high of 4,022.35 and intraday low of 3,968.34 points. Volumes stood at 216.588 million shares.

BRIndex30 increased by 22351 points or 1.09 percent to close at 20,715.13 points with a turnover of 147.292 million shares.

The KSE-100 Index rose by 286.49 points or 0.76 percent to close at 38,212.28 points. Daily trading volumes on the ready counter increased by 241.536 million shares as compared to 243.041 million shares traded last Friday.

The market capitalization increased by Rs 55 billion to Rs 7.302 trillion. Out of total 386 active scrips, 248 closed in positive, 115 in negative while the value of 23 stocks remained unchanged.

Pak Elektron was the volume leader with 19.079 million shares. It increased by Rs 1.14 to close at Rs 24.63 followed by Unity Foods that gained Re 1.00 to close at Rs 12.09 with 18.620 million shares. Unilever Foods and Colgate Palmolive were the top gainers with Rs 345.00 and Rs 60.02, respectively to close at Rs 7,245.00 and Rs 2,000.00. Sapphire Fiber and Service Ind Limited were the top losers with Rs 20.50 and Rs 15.38, respectively to close at Rs 502.00 and Rs 780.00. BR Automobile Assembler Index gained 66.27 points or 1.11 percent to close at 6,023.83 points with total turnover of 3.613 million shares.

BR Cement Index increased by 112.99 points or 3.29 percent to close at 3,548.67 points with 33.074 million shares.

BR Commercial Banks Index surged by 93.73 points or 1.09 percent to close at 8,731.92 points with 17.739 million shares. BR Power Generation and Distribution Index decreased by 27.93 points or 0.52 percent to close at 5,348.13 points with 8.407 million shares.

BR Oil and Gas Index lost 0.39 points or 0.01 percent to close at 4,387.16 points with 12.949 million shares.

BR Tech. & Comm. Index closed at 916.68 points, up 19.55 points or 2.18 percent with 23.728 million shares.

Muhammad Maaz Mulla at JS Global Capital said that the bulls dominated the KSE-100 Index yet again with the index touching a high of plus 367 points, closing at 38,212 level.

A rally was witnessed in Cements and Banking sectors where CHCC (up 5.0 percent), PIOC (up 4.9 percent), LUCK (up 4.1 percent), DGKC (up 2.7 percent), NBP (up 2.5 percent), MCB (up 2.2 percent), HBL (up 1.2 percent) and UBL (up 1.2 percent) were the major gainers of the mentioned sectors.

An upward movement was seen in the auto sector where most of stocks closed higher than their previous day close. PSMC (up 5.0 percent), HCAR (up 5.0 percent) and GHNI (up 4.5 percent) were among the best performing stocks in Autos.