A bullish trend continued on Pakistan Stock Exchange Thursday on the back of healthy buying, mainly in fertilizer sector.
BRIndex100 gained 8.07 points or 0.23 percent to close at 3,484.11 points. BRIndex100 touched intraday high of 3,510.44 and intraday low of 3,473.06 points. Volumes stood at 207.329 million shares.
BRIndex30 inched up by 36.73 points or 0.2 percent to close at 18,074.10 points with a turnover of 132.783 million shares.
The KSE-100 Index increased by 111.86 points or 0.33 percent and closed at 33,804.90 points. Trading volumes on ready counter increased to 240.208 million shares as compared to 219.201 million shares traded on Wednesday.
The market capitalization increased by Rs 36 billion to Rs 6.381 trillion. Out of total 352 active scrips, 188 closed in positive and 147 in negative while the value of 17 stocks remained unchanged.
TRG Pak was the volume leader with 20.945 million shares and increased by Rs 1.55 to close at Rs 24.14 followed by Unity Foods that gained Rs 0.36 to close at Rs 13.14 with 18.644 million shares. Nestle Pakistan and Unilever Foods were the top gainers increasing by Rs 260.21 and Rs 89.00 respectively to close at Rs 6347.50 and Rs 9100.00 while Indus Dyeing and Bata Pak were the top losers declining by Rs 42.00 and Rs 39.16 respectively to close at Rs 528.00 and Rs 1349.84.
BR Automobile Assembler Index increased by 96.23 points or 1.77 percent to close at 5,535.87 points with total turnover of 2.775 million shares.
BR Cement Index lost 41.08 points or 0.97 percent to close at 4,203.98 points with 29.078 million shares.
BR Commercial Banks Index decreased by 45.63 points or 0.67 percent to close at 6,718.50 points with 6.440 million shares.
BR Power Generation and Distribution Index declined by 60.86 points or 1.38 percent to close at 4,347.68 points with 6.763 million shares.
BR Oil and Gas Index inched up by 19.94 points or 0.57 percent to close at 3,525.67 points with 14.791 million shares.
BR Tech. & Comm. Index closed at 1,103.85 points, up 50.6 points or 4.8 percent with 40.878 million shares.
An analyst at Arif Habib Limited said that the market made a repeat of Wednesday, opening 204 points up, increasing by 304 points in total during the session and closing plus 111.86 points.
Fertilizer sector played an important role in posting gains on the index, primarily due to announcement of package for the farmers towards purchase of DAP and Tractors. Resultantly, FFBL hit upper circuit whereas other Fertilizer sector scrips also went up before facing selling pressure. Cement, Steel, Banks and E&P sector largely traded range bound. Upward movement in international crude prices even couldn't excite investors. Technology sector topped the index with 40.7 million shares, followed by Cement (29.1 million shares) and Chemical (21.3 million shares).
Sectors contributing to the performance include Fertilizer (up 80 points), Inv. Banks (up 31 points), Food (up 27 points), Technology (up 24 points), E&P (up 23 points), Banks (down 59 points), Power (down 32 points) and Cement (down 28 points).
Stocks that contributed positively to the index include FFC (up 48 points), NESTLE (up 26 points), DAWH (up 26 points), MTL (up 25 points) and OGDC (up 18 points). Stocks that contributed negatively include HUBC (down 31 points), HBL (down 22 points), ABL (down 20 points), BAHL (down 10 points) and LUCK (down 10 points).
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