KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on a positive note due to fresh buying in some sectors at the fag end.
The benchmark KSE-100 Index hit 75,284.74 points intra-day high and 74,726.07 points intra-day low, before closing at 75,114.47 points, up 157.80 points or 0.21 percent.
Trading activity improved as total daily volumes on ready counter increased to 758.944 million shares as compared to 584.484 million shares traded on Wednesday however, total daily traded value on the ready counter declined to Rs 16.708 billion against previous session’s Rs 17.714 billion.
BRIndex100 gained 26.87 points or 0.34 percent to close at 7,837.11 points with total daily turnover of 625.386 million shares.
BRIndex30 increased by 301.67 points or 1.2 percent to close at 25,451.78 points with total daily trading volumes of 461.510 million shares.
Foreign investors also remained net buyers of shares worth $996,816. Total market capitalization increased by Rs 48 billion to Rs 10.154 trillion. Out of total 376 active scrips, 192 closed in positive and 156 in negative while the value of 28 stocks remained unchanged.
K-Electric was the volume leader with 191.624 million shares and gained Rs 0.53 to close at Rs 5.24 followed by WorldCall Telecom that inched up by Rs 0.10 to close at Rs 1.45 with 94.786 million shares. Symmetry Group lost Rs 0.20 to close at Rs 5.74 with 47.718 million shares.
Unilever Pakistan Foods and Pakistan Tobacco Company were the top gainers increasing by Rs 84.44 and Rs 38.10 respectively to close at Rs 18,500.00 and Rs 918.10 while Mehmood Textile Mills and Hallmark Company were the top losers declining by Rs 38.18 and Rs 28.33 respectively to close at Rs 470.92 and Rs 574.07.
An analyst at Topline Securities said that Pakistan’s equity market experienced a mixed day. The KSE-100 Index reached an intraday high of 75,285 points (up 328 points) and an intraday low of 74,726 points (down 231 points), ultimately settling the day at 75,114 points (with net gain of 158 points or 0.21 percent).
The Fertilizer, Power, and E&P sectors made positive contributions, with OGDC, KEL, FFC, and HUBC collectively adding 175 points. Conversely, ENGRO, MCB, and UBL collectively lost 110 points.
BR Automobile Assembler Index declined by 86.94 points or 0.53 percent to close at 16,193.14 points with total turnover of 17.965 million shares.
BR Cement Index gained 19.05 points or 0.25 percent to close at 7,494.03 points with 30.188 million shares.
BR Commercial Banks Index lost 47.51 points or 0.24 percent to close at 20,034.13 points with 23.632 million shares.
BR Power Generation and Distribution Index increased by 281.69 points or 1.63 percent to close at 17,614.53 points with 222.798 million shares.
BR Oil and Gas Index added 54.69 points or 0.81 percent to close at 6,808.27 points with 28.993 million shares.
BR Tech. & Comm. Index closed at 3,982.29 points, up 4.77 points or 0.12 percent with 190.405 million shares.
Mohammed Waqar Iqbal at JS Global Capital said the market opened positively as investors took new positions in the E&P Sector, anticipating positive developments on the Circular Debt issue in light of the new IMF program.
Traded volume stood at 759 million shares where KEL, WTL, SYM, PACE and PIAA were the volume leaders.
Copyright Business Recorder, 2024
Comments
Comments are closed.