Pakistan Stock Exchange Wednesday witnessed a positive trend on the back of healthy buying in various sectors. BRIndex100 gained 21.86 points or 0.45 percent to close at 4,858.92 points. BRIndex100 touched intraday high of 4,918.59 and intraday low of 4,823.08 points. Volumes stood at 309.253 million shares. BRIndex30 increased by 205.38 points to close at 25,012.88 points with a turnover of 228.318 million shares.
The benchmark KSE-100 index surged by 156.01 point to 45,063.21 points. Trading activity improved as daily volumes on the ready counter increased to 339.671 million shares as compared to 226.443 million shares traded Tuesday. Foreign investors remained net buyers of shares worth $7.4 million. The market capitalization increased by 40 billion to Rs 9.279 trillion. Out of total 386 active scrips, 225 closed in positive, 142 in negative while the value of 19 stocks remained unchanged.
TRG Pak was the volume leader with 29.045 million shares. However, it lost Re 0.05 to close at Rs 34.65 followed by Fauji Cement that increased by Rs 1.37 to close at Rs 30.16 with 18.686 million shares. Nestle Pakistan and Island Textile were the top gainers with Rs 530.46 and Rs 48.12, respectively to close at Rs 12,099.00 and Rs 1,010.87. Colgate Palmolive and ICI Pakistan were the top losers with Rs 84.00 and Rs 37.47, respectively to close at Rs 2,750.00 and Rs 785.82.
BR Commercial Banks Index gained Rs 103.23 or 1.14 percent to close at 9,126.38 points with total turnover of 28.215 million shares. BR Cement Index increased by 228.53 points or 3.71 percent to close at 6,393.73 points with 58.646 million shares. BR Oil and Gas Index lost 73.57 points or 1.37 percent to close at 5,296.78 points with 32.515 million shares.
BR Tech. & Comm. Index inched up by 10.1 points or 0.86 percent to close at 1,186.59 points with 46.391 million shares. BR Power Generation and Distribution Index closed at 6,591.73 points, up 70.7 points or 1.08 percent with 10.322 million shares. An analyst at Arif Habib Limited said that the Index again showed mixed trends, moving from positive territory to negative amidst financial results of key corporates. The day started with optimism which reflected in the Index crossing 45k level and sustained for quite some time. POL''s results served as the catalyst to change the index direction from a high of +587pts at one time to decline of 125 points after results. POL''s results affected the stock prices of OGDC and PPL as well, being victims of the windfall levy on TAL block.
Scrips that contributed positively include LUCK (up 85 points), HBL (up 68 points), DGKC (up 36 points), HUBC (up 25 points) and NESTLE (up 25 points). Stocks that contributed negatively include POL (down 71 points), PPL (down 68 points), FFC (down 32 points), OGDC (down 31 points) and DAWH (down 27 points).
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