KARACHI: Pakistan Stock Exchange on Tuesday witnessed positive trend throughout the day and closed in green territory on the back of local investors support.
BRIndex100 gained 11.53 points or 0.32 percent to close at 3,636.40 points. During the session, the BRIndex-100 hit an intraday high of 3,659.80 and an intraday low of 3,623.73 points. Total volumes stood at 305.146 million shares.
BRIndex30 inched up by 60.14 points or 0.33 percent to close at 18,528.31 points with total daily turnover of 239.487 million shares.
KSE-100 index increased by 170.58 points or 0.48 percent and closed at 35,373.35 points. Daily trading volumes on ready counter slightly improved to 333.891 million shares as compared to 332.251 million shares traded on Monday.
The foreign investors remained net sellers of shares worth $3.092 million. Total market capitalization increased by Rs 29 billion to Rs 6.714 trillion. Out of total 394 active scrips, 207 closed in positive and 157 in negative while the value of 30 stocks remained unchanged.
Pak Elektron was the volume leader with 32.968 million shares and closed at Rs 26.24, down Re 0.01 followed by Hascol Petroleum that gained Re 0.46 to close at Rs 14.22 with 31.521 million shares. Rafhan Maize and Indus Motor Co were the top gainers increasing by Rs 150.00 and Rs 78.01 respectively to close at Rs 7340.00 and Rs 1118.22 while Unilever Foods and Nestle Pakistan were the top losers declining by Rs 190.00 and Rs 95.00 respectively to close at Rs 9500.00 and Rs 6750.00.
BR Automobile Assembler Index surged by 233.21 points or 3.96 percent to close at 6,127.24 points with total turnover of 11.206 million shares.
BR Cement Index increased by 57.53 points or 1.29 percent to close at 4,514.88 points with 46.730 million shares.
BR Commercial Banks Index gained 52.89 points or 0.77 percent to close at 6,923.57 points with 22.219 million shares.
BR Power Generation and Distribution Index decreased by 39.09 points or 0.91 percent to close at 4,250.81 points with 10.732 million shares.
BR Oil and Gas Index inched up by 15.99 points or 0.43 percent to close at 3,726.62 points with 41.804 million shares.
BR Tech & Comm Index closed at 1,413.19, up 0.72 points or 0.05 percent with 38.665 million shares.
An analyst at Arif Habib Limited that the market continued ascent with the KSE-100 index posting gains of 270 points during the session and closed 171 points higher than previous day's closing level. E&P, OMCs, Cement and Banking sector remained in the limelight. Banking sector has lately seen improvement of investor sentiment. Refinery and Chemical sector stocks saw profit booking after Monday's performance. Cement sector has also seen traction on the back of improved dispatches as well as better outlook on construction of hydel power and CPEC projects.
Cement sector led the volumes with 46.7 million shares, followed by Technology (38.6 million shares) and Cable (36.4 million shares).
Sectors contributing to the performance include Banks (up 61 points), Autos (up 43 points), Cement (up 41 points), Pharma (up 25 points), E&P (up 15 points), Power (down 24 points) and Fertilizer (down 17 points).
Stocks that contributed positively to the index include INDU (up 23 points), BAFL (up 20 points), UBL (up 15 points), HINOON (up 12 points) and AICL (up 11 points). Stocks that contributed negatively include HUBC (down 24 points), ENGRO (down 16 points), NESTLE (down 10 points), TRG (down 10 points) and EFERT (down 7 points).
Copyright Business Recorder, 2020
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