KARACHI: Pakistan Stock Exchange Tuesday witnessed a bullish trend on the back of healthy buying by local and foreign investors.
BRIndex100 gained 86.47 points or 2.07 percent to close at 4,270.22 points. BRIndex100 hit intraday high of 4,275.83 and intraday low of 4,187.27 points. Volumes stood at 448.211 million shares.
BRIndex30 increased by 581.5 points or 2.74 percent to close at 21,839.08 points with a turnover of 331.437 million shares.
The KSE-100 Index surged by 616.41 points or 1.53 percent to close at 40,956.58 points. Trading activity also improved as daily volumes on ready counter increased to 492.674 million shares as compared to 319.563 million shares traded Monday.
Foreign investors also remained net buyers of shares worth $956,530. The market capitalization increased by Rs 83 billion to Rs 7.594 trillion. Out of total 416 active scrips, 305 closed in positive and only 96 in negative while the value of 15 stocks remained unchanged.
Unity Foods was the volume leader with 77.967 million shares and gained Rs 0.54 to close at Rs 19.54 followed by Hascol Petroleum that increased by Rs 0.96 to close at Rs 16.62 with 50.716 million shares. Rafhan Maize and Atlas Honda Limited were the top gainers increasing by Rs 43.99 and Rs 31.79 respectively to close at Rs 8100.00 and Rs 466.79 while Unilever Foods and Indus Dyeing were the top losers declining by Rs 949.50 and Rs 39.88 respectively to close at Rs 13,800.00 and Rs 510.12.
BR Automobile Assembler Index surged by 249.89 points or 3.31 percent to close at 7,807.01 points with total turnover of 8.781 million shares.
BR Cement Index increased by 153.96 points or 2.71 percent to close at 5,834.38 points with 32.554 million shares.
BR Commercial Banks Index gained 84.58 points or 1.01 percent to close at 8,421.26 points with 15.482 million shares.
BR Power Generation and Distribution Index surged by 194.64 points or 4.13 percent to close at 4,907.71 points with 32.966 million shares.
BR Oil and Gas Index inched up by 71.3 points or 1.85 percent to close at 3,923.47 points with 61.018 million shares.
BR Tech. & Comm. Index closed at 1,739.73 points, up 52.59 points or 3.12 percent with 30.501 million shares.
"As the concerns over political uncertainty withered away, investors fixed gaze on the upcoming FATF plenary session and the quarterly results," an analyst at Arif Habib Limited said.
Positive expectations on both counts helped the index post a gain of 717 points during the session and closed up 616 points.
O&GMCs and E&P scrips contributed the most, followed by Cement, Power and Banking scrips. Among Banks, investors preferred HBL over UBL with HBL crossing 140 several times during the session.
Sectors contributing to the performance include Cement (up 110 points), Power (up 107 points), Banks (up 91 points), E&P (up 72 points) and O&GMCs (up 50 points).
Stocks that contributed positively to the index include HUBC (up 84 points), LUCK (up 48 points), MEBL (up 42 points), PPL (up 37 points) and HBL (up 30 points). Stocks that contributed negatively include HMB (down 7 points), UBL (down 5 points), ABOT (down 4 points), HGFA (down 4 points) and FML (down 3 points).
Copyright Business Recorder, 2020
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