KARACHI: Despite a terrorist attack, Pakistan Stock Exchange on Monday closed on strong positive note with healthy gains on the back of healthy buying mainly by local investors and institutions.
BRIndex100 gained 21.79 points or 0.63 percent to close at 3,495.64 points. During the session, the BRIndex-100 hit an intraday high of 3,498.15 and an intraday low of 3,447.14 points. Total volumes stood at 118.612 million shares.
BRIndex30 increased by 164.59 points or 0.94 percent to close at 17,742.84 points with total daily turnover of 83.753 million shares.
KSE-100 index surged by 242.31 points or 0.71 percent and closed at 34,181.80 points. Daily trading volumes on ready counter however decreased to 156.920 million shares as compared to 198.187 million shares traded on previous session.
Total market capitalization increased by Rs 68 billion to Rs 6.490 trillion. Out of total 351 active scrips, 193 closed in positive and 136 in negative while the value of 22 stocks remained unchanged.
Pak Refinery (R) was the volume leader with 18.454 million shares and closed on the previous day's closing level of Re 0.51 without any change followed by Sui Southern Gas Company that gained Re 0.22 to close at Rs 12.72 with 11.660 million shares. Pak Tobacco and Sanofi-Aventis were the top gainers increasing by Rs 67.91 and Rs 57.07 respectively to close at Rs 1578.00 and Rs 818.07 while Jubilee Life Ins and Arpak Int were the top losers declining by Rs 21.62 and Rs 9.65 respectively to close at Rs 299.28 and Rs 119.61.
BR Automobile Assembler Index surged by 143.65 points or 2.55 percent to close at 5,783.83 points with total turnover of 4.385 million shares.
BR Cement Index gained 50.14 points or 1.2 percent to close at 4,215.61 points with 26.039 million shares.
BR Commercial Banks Index inched up by 34.73 points or 0.52 percent to close at 6,725.22 points with 10.349 million shares.
BR Power Generation and Distribution Index lost 16.81 points or 0.4 percent to close at 4,234.87 points with 4.191 million shares.
BR Oil and Gas Index increased by 55.0 points or 1.54 percent to close at 3,619.68 points with 31.712 million shares.
BR Tech & Comm Index closed at 1,305.27 points, down 12.91 points or 0.98 percent with 15.972 million shares.
Danish Ladhani at JS Global Capital said the KSE-100 index traded between an intraday high and low of plus 267 points and minus 220 points to finally close at 34,182 levels, up 0.7 percent.
The market came under pressure in the early hours of the trade after security forces killed four terrorists who attempted to storm the Pakistan Stock Exchange compound in Karachi in an armed attack.
Mixed sentiments were seen in the E&Ps where POL (down 0.3 percent) closed in the negative trajectory whereas OGDC (up 0.5 percent) and PPL (up 0.8 percent) closed in the green zone as international oil prices continue to drop on Covid-19 concerns.
Moreover mixed sentiment was seen in the Fertilizers where ENGRO (up 0.1 percent) settled in the green zone. Furthermore, ENGRO (up 0.1 percent), OGDC (up 0.5 percent), MCB (up 0.6 percent), LUCK (up 1.7 percent) and PPL (up 0.8 percent) were the index movers.
Copyright Business Recorder, 2020
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