KARACHI: Pakistan Stock Exchange Monday witnessed a bullish trend on the back of healthy buying by local and foreign investors.
BRIndex100 gained 33.52 points or 0.77 percent to close at 4,409.46 points. BRIndex100 hit intraday high of 4,419.71 and intraday low of 4,377.32 points. Volumes stood at 643.517 million shares.
BRIndex30 increased by 137.66 points or 0.61 percent to close at 22,887.49 points with a turnover of 424.934 million shares.
The KSE-100 Index surged by 272.75 points or 0.65 percent to close at 42,295.75 points. Daily trading volumes stood at 748.896 million shares as compared to 758.076 million shares traded on previous session.
Foreign investors also remained net buyers of shares worth $75,665. Total market capitalization increased by Rs 55 billion to Rs 7.909 trillion. Out of total 434 active scrips, 273 closed in positive and 134 in negative while the value of 27 stocks remained unchanged.
Power Cement was the volume leader with 72.409 million shares and gained Rs 1.00 to close at Rs 10.85 followed by Pak Int. Bulk Terminal that inched up by Rs 0.43 to close at Rs 13.22 with 57.332 million shares. Unilever Foods and Nestle Pakistan were the top gainers increasing by Rs 500.00 and Rs 189.00 respectively to close at Rs 13,000.00 and Rs 6499.00 while Sapphire Fiber and Sapphire Textile were the top losers declining by Rs 63.15 and Rs 40.98 respectively to close at Rs 778.85 and Rs 800.02.
BR Automobile Assembler Index inched up by 3.85 points or 0.05 percent to close at 7,995.32 points with total turnover of 8.067 million shares. BR Cement Index increased by 99.65 points or 1.69 percent to close at 5,987.56 points with 120.148 million shares.
BR Commercial Banks Index gained 10.74 points or 0.13 percent to close at 8,436.72 points with 74.786 million shares.
BR Power Generation and Distribution Index closed at 5,163.69 points, up 30.67 points or 0.6 percent with 35.157 million shares.
BR Oil and Gas Index lost 9.87 points or 0.23 percent to close at 4,246.19 points with 63.990 million shares.
BR Tech. & Comm. Index surged by 60.39 points or 3.1 percent to close at 2,010.10 points with 65.763 million shares.
Maaz Mulla at JS Global Capital said that bears were defeated in the session as the market closed in the green zone. The KSE-100 Index opened positive and touched a high of plus 377 points. The market remained green throughout the day.
Refinery sector continued its upward trend from last week where NRL (up 3.2 percent), ATRL (up 1.3 percent) and PRL (up 7.5 percent) were the major movers. Steel sector also depicted a similar trend where ITTEFAQ (up 7.5 percent), CSAP (up 6.8 percent), ISL (up 2.8 percent), ASL (up 1.6 percent) and INIL (up 1.0 percent) closed in the green region.
Copyright Business Recorder, 2020
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