KARACHI: Pakistan Stock Exchange on Monday witnessed mixed trend however after moving both sides finally closed on positive note on the back of local investors and institutional buying in various sectors.
BRIndex100 gained 21.3 points or 0.59 percent to close at 3,624.87 points. During the session, the BRIndex-100 hit an intraday high of 3,633.35 and an intraday low of 3,599.91 points. Total volumes stood at 292.088 million shares.
BRIndex30 increased by 123.54 points or 0.67 percent to close at 18,468.17 points with total daily turnover of 200.788 million shares.
KSE-100 index surged by 151.39 points or 0.43 percent and closed at 35,202.77 points. Trading activities also improved significantly as daily volumes on ready counter increased to 332.251 million shares as compared to 175.761 million shares traded on previous session.
The foreign investors however remained net sellers of shares worth $1.835 million. Total market capitalization increased by Rs 43 billion to Rs 6.685 trillion. Out of total 380 active scrips, 257 closed in positive and only 94 in negative while the value of 29 stocks remained unchanged.
TRG Pak was the volume leader with 37.708 million shares and gained Rs 0.97 to close at Rs 34.21 followed by Pak Elektron that increased by Rs 1.79 to close at Rs 26.25 with 37.658 million shares. Rafhan Maize and Sanofi-Aventis were the top gainers increasing by Rs 240.00 and Rs 59.99 respectively to close at Rs 7190.00 and Rs 924.99 while Sapphire Textile and Nestle Pakistan were the top losers declining by Rs 58.99 and Rs 45.00 respectively to close at Rs 851.00 and Rs 6845.00.
BR Automobile Assembler Index increased by 127.59 points or 2.21 percent to close at 5,894.03 points with total turnover of 5.922 million shares.
BR Cement Index gained 50.27 points or 1.14 percent to close at 4,457.35 points with 28.004 million shares.
BR Commercial Banks Index inched up by 12.03 points or 0.18 percent to close at 6,870.68 points with 18.423 million shares.
BR Power Generation and Distribution Index decreased by 43.89 points or 1.01 percent to close at 4,289.90 points with 15.547 million shares.
BR Oil and Gas Index closed at 3,710.63 points, up 38.47 points or 1.05 percent with 13.082 million shares.
BR Tech & Comm Index lost 12.17 points or 0.85 percent to close at 1,412.47 points with 66.885 million shares.
Maaz Mulla at JS Global Capital said that the market remained volatile throughout the day, making an intraday high of up 187 and an intraday low of down 49 points. The index closed at 35,203, up 151 points.
Major movers of the market were PPL (up 1.2 percent), PSO (up 2.2 percent), INDU (up 4.7 percent), MARI (up 1.0 percent), OGDC (up 0.5 percent) and HBL (up 0.4 percent).
Cement sector gained to close higher as investors witnessed trading opportunity where CHCC (up 3.6 percent), MLCF (up 2.2 percent), DGKC (up 1.9 percent) and KOHC (up 1.6 percent) closed in the green zone.
Pharma and E&P sector also enjoyed the upward trend where GLAXO (up 4.9 percent), AGP (up 3.5 percent), IBLHL (up 3.5 percent), PPL (up 1.2 percent), OGDC (up 0.5 percent) and POL (up 0.8 percent) were the most gainers of the mentioned sector.
Copyright Business Recorder, 2020
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