KARACHI: Pakistan Stock Exchange on Thursday closed on positive note on the back of local investors and institutional support.
BRIndex100 gained 44.38 points or 1.11 percent to close at 4,058.96 points. During the session, the BRIndex-100 hit an intraday high of 4,060.63 and an intraday low of 4,006.37 points. Total volumes stood at 347.654 million shares.
BRIndex30 increased by 212.19 points or 1.03 percent to close at 20,733.88 points with total daily turnover of 252.314 million shares.
KSE-100 index surged by 422.17 points or 1.09 percent and closed above 39,000 level at 39,258.44 points. Trading activities remained low as daily volumes on ready counter decreased to 368.700 million shares as compared to 508.260 million shares traded on Wednesday. The foreign investors remained net sellers of shares worth $1.718 million. Total market capitalization increased by Rs 59 billion to Rs 7.294 trillion. Out of total 397 active scrips, 239 closed in positive and 137 in negative while the value of 21 stocks remained unchanged.
Pak International Bulk Terminal was the volume leader with 43.308 million shares and gained Re 0.62 to close at Rs 11.25 followed by TRG Pak that surged by Rs 2.70 to close at Rs 47.50 with 27.910 million shares. Indus Motor Co and Island Textile were the top gainers increasing by Rs 76.09 and Rs 69.50 respectively to close at Rs 1422.37 and Rs 1090.00 while Sapphire Textile and Nestle Pakistan were the top losers declining by Rs 49.01 and Rs 33.33 respectively to close at Rs 786.00 and Rs 6466.67.
BR Automobile Assembler Index surged by 252.58 points or 3.38 percent to close at 7,736.32 points with total turnover of 7.362 million shares.
BR Cement Index increased by 100.5 points or 1.96 percent to close at 5,219.57 points with 47.574 million shares.
BR Commercial Banks Index gained 60.6 points or 0.76 percent to close at 7,984.29 points with 17.351 million shares.
BR Power Generation and Distribution Index inched up by 52.63 points or 1.11 percent to close at 4,797.70 points with 15.962 million shares.
BR Oil and Gas Index closed at 3,994.42 points, up 8.64 points or 0.22 percent with 30.914 million shares.
BR Tech & Comm Index gained 36.66 points or 2.35 percent to close at 1,598.46 points with 57.761 million shares.
An analyst at Arif Habib Limited said the market opened on a positive note with plus 97 points, also being the last trading day before the long weekend.
Power, Banks, Cement, Pharma, OMCs and Refinery helped the KSE-100 index post a total gain of 434 points and closing the session near session high. Privatization Commission's deliberation on OGDC and PPL brought both the stocks down, however despite price drop and high volumes the index didn't bear any reflection.
Technology sector topped the volumes with 57.7 million shares, followed by Cement (47.5 million) and Transport (43.8 million shares).
Sectors contributing to the performance include Cement (up 75 points), Banks (up 70 points), Fertilizer (up 54 points), Pharma (up 51 points) and Autos (up 45 points).
Stocks that contributed positively to the index include LUCK (up 37 points), SEARL (up 35 points), HUBC (up 30 points), TRG (up 28 points) and ENGRO (up 25 points). Stocks that contributed negatively include PPL (down 22 points), OGDC (down 11 points), NATF (down 4 points), BAFL (down 4 points) and AICL (down 4 points).
Copyright Business Recorder, 2020
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