Pakistan Stock Exchange Friday witnessed a mixed trend however closed on a positive note on the back of select buying at the fag end. BRIndex100 gained 13.11 points or 0.31 percent to close at 4,246.73 points. BRIndex100 touched intraday high of 4,280.29 and intraday low of 4,209.75 points. Volumes stood at 152.982 million shares.
BRIndex30 increased by 133.92 points or 0.61 percent to close at 22,146.82 points with a turnover of 110.420 million shares.
The KSE-100 Index surged by 177.62 points or 0.44 percent to close the week at 40,832.99 points. Trading activity however remained low as daily volumes on the ready counter decreased to 180.706 million shares as compared to 260.143 million shares traded Thursday.
The market capitalization increased by Rs 68 billion to Rs 7.845 trillion. Out of total 344 active scrips, 176 closed in negative, 156 in positive while the value of 12 stocks remained unchanged.
Hascol Petrol (R) was the volume leader with 18.578 million shares. However, it lost Re 0.63 to close at Rs 10.54 followed by Fauji Foods that closed at Rs 14.79, down Re 0.50 with 14.164 million shares. Nestle Pakistan and Pak Tobacco were the top gainers with Rs 324.98 and Rs 69.00, respectively to close at Rs 7,800.00 and Rs 2,569.00. Wah-Noble and Sapphire Fiber were the top losers with Rs 11.17 and Rs 9.00, respectively to close at Rs 216.83 and Rs 790.00.
BR Automobile Assembler Index gained 37.44 points or 0.6 percent to close at 6,308.19 points with total turnover of 2.483 million shares.
BR Cement Index closed at 3,577.75 points, up 0.9 points or 0.03 percent with 18.436 million shares.
BR Commercial Banks Index decreased by 31.49 points or 0.33 percent to close at 9,551.58 points with 9.570 million shares.
BR Power Generation and Distribution Index inched up by 26.53 points or 0.5 percent to close at 5,375.35 points with 13.021 million shares.
BR Oil and Gas Index increased by 72.34 points or 1.54 percent to close at 4,774.72 points with 24.031 million shares.
BR Tech. & Comm. Index lost 14.81 points or 1.54 percent to close at 944.26 points with 14.991 million shares.
Ahsan Mehanti at Arif Habib Corporation said that the stocks showed recovery led by oil and gas, energy sector amid upbeat data on current account deficit in November 2019 at $319 million declining by 73 percent on year-on-year basis.
He said positive economic outlook, surging global equities and crude oil prices and easing circular debt crises in energy sector by tariff revisions played a catalyst role in bullish close.
Copyright Business Recorder, 2019
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