KARACHI: Pakistan Stock Exchange Thursday witnessed another bullish session on the back of healthy buying, mainly by local investors and institutions. It was the 10th consecutive session when the stock market closed on a positive note.
BRIndex100 gained 62.56 points or 1.7 percent to close at 3,733.33 points. BRIndex100 hit intraday high of 3,738.96 and intraday low of 3,670.77 points. Volumes stood at 426.134 million shares.
BRIndex30 increased by 384.89 points or 2.05 percent to close at 19,153.43 points with a turnover of 308.021 million shares.
The KSE-100 Index surged by 447.28 points or 1.25 percent and closed above 36,000 psychological level at 36,142.17 points. Trading activity also improved significantly as daily volumes on the ready counter increased by 47 percent and highest in the last 147 sessions to 467.486 million shares as compared to 317.691 million shares traded Wednesday.
Foreign investors however remained net sellers of shares worth $237,616. The market capitalization increased by Rs 67 billion to Rs 6.834 trillion. Out of total 378 active scrips, 249 closed in positive, 109 in negative while the value of 20 stocks remained unchanged.
Unity Foods was the volume leader with 40.652 million shares. It gained Re 1.00 to close at Rs 12.75 followed by Pak Elektron that increased by Rs 1.04 to close at Rs 28.00 with 39.604 million shares.
Nestle Pakistan and Hinopak Motor were the top gainers increasing by Rs 100.84 and Rs 32.59, respectively to close at Rs 6,800.84 and Rs 467.16 while Unilever Foods and Premier Sugar were the top losers declining by Rs 90.00 and Rs 49.70, respectively to close at Rs 9,500.00 and Rs 612.97.
BR Automobile Assembler Index lost 17.83 points or 0.28 percent to close at 6,270.28 points with total turnover of 9.341 million shares.
BR Cement Index inched up by 9.24 points or 0.2 percent to close at 4,542.78 points with 38.455 million shares.
BR Commercial Banks Index surged by 194.94 points or 2.76 percent to close at 7,259.88 points with 60.780 million shares.
BR Power Generation and Distribution Index increased by 116.08 points or 2.75 percent to close at 4,344.52 points with 21.367 million shares.
BR Oil and Gas Index gained 63.46 points or 1.69 percent to close at 3,811.31 points with 52.008 million shares.
BR Tech. & Comm. Index closed at 1,477.46 points, up 22.41 points or 1.54 percent with 62.196 million shares.
Maaz Mulla at JS Global Capital said that the KSE-100 Index extended its previous gains by almost 447 points, a rise of 1.3 percent to finally close at 36,142. The market remained bullish throughout the trading session.
Financial sector continued its upward trend where BAFL (up 5.7 percent), NBP (up 3.8 percent), HBL (up 3.3 percent), MEBL (up 4.3 percent) and HBL (up 3.3 percent) were the major movers of the sector.
Crude oil prices edged higher in the international market as a result E&P sector gained to close in the green zone. PPL (up 2.5 percent), POL (up 2.6 percent) and OGDC (up 1.4 percent) were the major movers.
Copyright Business Recorder, 2020
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