Pakistan Stock Exchange managed to close in positive territory following fresh buying in select stocks on the last day of the week Friday. BRIndex100 closed at 4,693.51 points, up 9.71 points or 0.21 percent. BRIndex100 touched intraday high of 4,695.90 and intraday low of 4,634.37 points. Volumes stood at 202.810 million shares.
BRIndex30 gained 7.03 points or 0.03 percent to 24,453.85 points with a turnover of 144.946 million shares. The benchmark KSE-100 index increased by 128.93 points to 43,808.80 points. Trading activity remained low as daily volumes on the ready counter decreased to 225.631 million shares as compared to 246.018 million shares traded Thursday.
The market capitalization increased by Rs 23 billion to Rs 9.099 trillion. Out of total 377 active scrips, 179 closed in negative, 178 in positive while the value of 20 stocks remained unchanged. Azgard Nine was the volume leader with 19.720 million shares. It gained Re 1.00 to close at Rs 18.88 followed by Aisha Steel Mill increased by Re 0.71 to close at Rs 21.75 with 16.463 million shares.
Colgate Palmolive and Island Textile were the top gainers with Rs 144.25 and Rs 49.87, respectively to close at Rs 3,029.25 and Rs 1,047.37. Khyber Tobacco and Ghandhara Ind. were the top losers with Rs 36.30 and Rs 25.83, respectively to close at Rs 689.89 and Rs 702.88. BR Commercial Banks Index increased by 96.76 points or 1.11 percent to close at 8,784.89 points with total turnover of 13.255 million shares.
BR Cement Index lost 60.12 points or 1.02 percent to close at 5,829.18 points with 22.652 million shares. BR Oil and Gas Index inched up by 2.58 points or 0.05 percent to close at 5,227.07 points with 15.554 million shares. BR Tech. & Comm. Index gained 16.81 points or 1.37 percent to close at 1,239.67 points with 19.922 million shares.
BR Power Generation and Distribution Index closed at 6,563.12 points, up 27.48 points or 0.42 percent with 7.578 million shares. An analyst at Arif Habib Limited said that the KSE-100 index closed in green zone, while major part of the day it traded in red. Selling pressure was witnessed in early session due to negative closing of world markets and continued correction in blue chip stocks. Due to bearish signals from Cement and E&P Sectors, investors were seen building positions in large cap commercial banks.
Scripts that contributed positively include MCB (up 50 points), UBL (up 42 points), HBL (up 29 points), DAWH (up 17 points) and COLG (up 14 points). Stocks that contributed negatively include LUCK (down 24 points), PPL (down 12 points), ENGRO (down 12 points), IGIIL (down 10 points) and CHCC (down 9 points).
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