Pakistan Stock Exchange Wednesday witnessed another bullish session on the back of buying in various sectors. BRIndex100 gained 46.77 points or 0.98 percent to close at 4,833.14 points. BRIndex-100 touched intraday high of 4,860.69 and intraday low of 4,787.00 points. Volumes stood at 174.510 million shares.
BRIndex30 increased by 276.41 points or 1.13 percent to 24,637.10 points with a turnover of 106.437 million shares. The benchmark KSE-100 index surged by 336.21 points to 44,645.95 points. Daily trading volumes on the ready counter stood at 207.071 million shares as compared to 219.909 million shares traded Tuesday.
Foreign investors however remained net sellers of shares worth $0.8 million. The market capitalization increased by Rs 38 billion to Rs 9.198 trillion. Out of total 389 active scrips, 190 closed in positive, 179 in negative while the value of 20 stocks remained unchanged.
Lotte Chemical was the volume leader with 16.491 million shares. It gained Re 0.28 to close at Rs 10.37 followed by TRG Pak that increased by Rs 1.51 to close at Rs 38.32 with 14.844 million shares. Unilever Foods and Ghandhara Industries were the top gainers with Rs 42.50 and Rs 41.13, respectively to close at Rs 9,855.00 and Rs 863.80. Bata Pak and Pak Tobacco were the top losers with Rs 88.82 and Rs 24.75, respectively to close at Rs 2,765.55 and Rs 1,975.00.
BR Commercial Banks Index surged by 211.88 points or 2.35 percent to close at 9,240.72 points with total turnover of 23.155 million shares.
BR Cement Index lost 19.15 points or 0.33 percent to close at 5,872.09 points with 11.308 million shares. BR Oil and Gas Index gained 19.26 points or 0.36 percent to close at 5,342.03 points with 19.535 million shares.
BR Tech. & Comm. Index inched up by 10.45 points or 0.84 percent to close at 1,256.33 points with 21.231 million shares. BR Power Generation and Distribution Index closed at 6,500.66 points, up 5.48 points or 0.08 percent with 6.400 million shares.
An analyst at Topline Securities said that Pakistan equities continued its bullish spree for the second consecutive day after Tuesday''s 4 percent devaluation of PKR against US$ where banking sector maintained its top contributor''s position and added 274 points to index gains (market expects interest rate hike of 25?50bps in upcoming monetary policy meeting).
Oil and gas sector added 25 points to index as crude oil prices were up by 2.2 percent. Top five stocks including HBL (up 3.4 percent), BAHL (up 4.0 percent), UBL (up 1.6 percent), MCB (up 1.5 percent) and PPL (up 1.3 percent) added 390 points to the index gain, whereas stocks including POL (down 1.2 percent), HUBC (down 0.9 percent), DGKC (down 1.0 percent), PAKT (down 1.2 percent) and INDU (down 1.7 percent), withheld 32 points from the index.
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