BRIndex100 in positive zone

Pakistan Stock Exchange Wednesday witnessed a positive trend with thin volumes on the back of fresh buying in select stocks. BRIndex100 gained 37.53 points or 0.85 percent to close at 4,473.28 points. BRIndex100 touched intraday high of 4,477.90 and intraday low of 4,435.75 points. Total volumes stood at 87.883 million shares.
BRIndex30 increased by 171.44 points or 0.77 percent to close at 22,297.38 points with total volumes of 73.050 million shares. The benchmark KSE-100 index surged by 303.64 points to 41,595.32 points. Daily volumes settled at 103 million shares down 28.4 percent while average traded value fell by 20.0 percent at $51.1 million owed to temporary suspension of trading session on the back of technical fault.
Foreign investors remained net sellers of shares worth $0.7 million. The market capitalization increased by Rs 44 billion to Rs 8.536 trillion. Out of total 363 active scrips, 223 closed in positive, 117 in negative while the value of 23 stocks remained unchanged.
Pak Electron was the volume leader with 15.115 million shares. It gained Re 0.82 to close at Rs 71.20 followed by Aisha Steel Mill that lost Rs 0.18 to close at Rs 19.82 with 12.178 million shares.
Khyber Tobacco and Hinopak Motor were the top gainers with Rs 67.67 and Rs 30.41, respectively to close at Rs 1,485.15 and Rs 1,075.86. Nestle Pakistan and Bata Pak were the top losers with Rs 249.00 and Rs 130.00, respectively to close at Rs 12,149.00 and Rs 2,640.00.
BR Commercial Banks Index closed at 8,064.44 points, up 7.15 points or 0.09 percent with a total turnover of 8.526 million shares.
BR Cement Index increased by 93.07 points or 1.76 percent to close at 5,390.58 points with 3.713 million shares.
BR Oil and Gas Index gained 36.98 points or 0.74 percent to close at 5,027.77 points with 4.265 million shares.
BR Tech. & Comm. Index closed at 1,193.86 points, up 19.21 points or 1.64 percent with 12.114 million shares.
BR Power Generation and Distribution Index gained 60.77 points or 0.93 percent to close at 6,581.36 points with total turnover of 2.394 million shares.
An analyst at Arif Habib Limited said that the local bourse remained positive amid political dust settling down, tempting levels of scrips and financial results of certain companies dictated market sentiments. Sectors that remained positive during the day were Cement (up 69 points), Fertilizer (up 40 points), Oil and Gas Exploration companies (up 40 points), Auto Assemblers (up 31 points) and Commercial Banks (up 29 points). The stocks that remained positive were LUCK (up 32 points), DAWH (up 22 points), POL (up 18 points), MCB (up 16 points) and DGKC (up 14 points). On the other hand, the stocks that posted negative contribution includes NESTLE (down 12 points), ABOT (down 8 points) and BATA (down 5 points).