KARACHI: Pakistan Stock Exchange Monday witnessed a mixed trend. It closed on a positive note following buying in certain stocks at the fag end. BRIndex100 inched up by 6.51 points or 0.15 percent to close at 4,234.23 points. BRIndex100 hit intraday high of 4,256.38 and intraday low of 4,210.04 points. Volumes stood at 256.156 million shares.
BRIndex30 gained 74.35 points or 0.35 percent to close at 21,561.46 points with a turnover of 174.557 million shares.
The KSE-100 Index increased by 52.43 points or 0.13 percent to close at 40,784.04 points. Trading activity remained low as daily volumes on ready counter decreased to 276.797 million shares as compared to 350.438 million shares traded on previous session.
Foreign investors however remained net sellers of shares worth $2.846 million. The market capitalization declined by Rs 7 billion to Rs 7.529 trillion. Out of total 382 active scrips, 207 closed in negative and 151 in positive while the value of 24 stocks remained unchanged.
Power Cement was the volume leader with 36.537 million shares and gained Rs 0.09 to close at Rs 10.74 followed by TRG Pak that surged by Rs 3.53 to close at Rs 57.47 with 31.983 million shares. Colgate Palmolive and Rafhan Maize were the top gainers increasing by Rs 150.10 and Rs 99.00 respectively to close at Rs 3000.00 and Rs 8698.00 while Nestle Pakistan and Indus Dyeing were the top losers declining by Rs 66.18 and Rs 42.84 respectively to close at Rs 6233.81 and Rs 542.00.
BR Automobile Assembler Index declined by 84.18 points or 1.05 percent to close at 7,928.40 points with total turnover of 2.422 million shares.
BR Cement Index decreased by 37.41 points or 0.61 percent to close at 6,060.40 points with 48.936 million shares.
BR Commercial Banks Index gained 40.26 points or 0.48 percent to close at 8,354.20 points with 22.505 million shares.
BR Power Generation and Distribution Index lost 9.59 points or 0.19 percent to close at 4,959.20 points with 7.300 million shares.
BR Oil and Gas Index fell by 11.76 points or 0.32 percent to close at 3,709.08 points with 16.690 million shares.
BR Tech. & Comm. Index closed at 1,920.26 points, up 52.2 points or 2.79 percent with 44.534 million shares.
An analyst at Arif Habib Limited said that the market traded rangebound between plus 212 points and minus 135 points, closing the session up 52 points.
Overall trading volumes remained thin, compared with trading volumes in the previous quarter or so. Banks, Fertilizer and off board scrips largely contributed to day's activity. Banking sector saw HBL and MCB posting price gains.
Overnight positivity in US Futures, followed by regional markets helped investors take a positive view, although muted, on KSE-100.
Sectors contributing to the performance include Banks (up 40 points), Technology (up 40 points), Pharma (up 26 points), Chemical (up 18 points) and Fertilizer (up 15 points).
Stocks that contributed positively to the index include HBL (up 40 points), TRG (up 37 points), MCB (up 24 points), COLG (up 22 points) and GLAXO (up 13 points). Stocks that contributed negatively include LUCK (down 21 points), NBP (down 10 points), PPL (down 8 points), OGDC (down 8 points) and EFUG (down 6 points).
Copyright Business Recorder, 2020
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