Pakistan Stock Exchange Monday managed to close in positive territory on the back of buying in select stocks. BRIndex100 gained 16.24 points or 0.33 percent to close at 4,896.91 points. BRIndex100 touched intraday high of 4,900.88 and intraday low of 4,867.21 points. Volumes stood at 141.127 million shares. BRIndex30 inched up by 11.06 points or 0.04 percent to 24,848.10 points with a turnover of 80.367 million shares.
The benchmark KSE-100 index increased by 53.35 points to 45,083.57 points. Trading activity remained low as daily volumes decreased to 187.927 million shares as compared to 228.444 million shares traded Thursday. Foreign investors remained net buyers of shares worth $1.1 million. The market capitalization however decreased by Rs 4 billion to Rs 9.257 trillion. Out of total 362 active scrips, 174 closed in positive, 167 in negative while the value of 21 stocks remained unchanged.
Unity Foods was the volume leader with 24.785 million shares. It gained Re 0.85 to close at Rs 27.86 followed by Lotte Chemical that inched up by Re 0.26 to close at Rs 10.71 with 10.492 million shares. Mari Petroleum and Shezan International were the top gainers with Rs 18.20 and Rs 17.99, respectively to close at Rs 1,479.37 and Rs 529.99. Unilever Foods and Pak Tobacco were the top losers with Rs 176.44 and Rs 85.51, respectively to close at Rs 9,550.00 and Rs 1,971.06.
BR Commercial Banks Index inched up by 6.17 points or 0.07 percent to close at 9,336.97 points with total turnover of 11.309 million shares. BR Cement Index gained 11.58 points or 0.19 percent to close at 6,034.21 points with 16.300 million shares. BR Oil and Gas Index increased by 27.39 points or 0.51 percent to close at 5,401.16 points with 4.816 million shares.
BR Tech. & Comm. Index lost 14.66 points or 1.15 percent to close at 1,263.83 points with 10.609 million shares. BR Power Generation and Distribution Index closed at 6,535.46 points, up 7.13 points or 0.11 percent with 9.833 million shares. An analyst at Arif Habib Limited said that the market maintained a timid tone throughout the day however, the activity was more reflective of accumulation in blue chips rather than profit-taking. Index went down by 245 points during the day and dragged cement, banks and off-board scrips alongside. Post rupee devaluation, foreign activity is observed to be on net buying side. FTSE rebalancing resulted in ouster of THALL and PTC, and an NDM on THALL is observed to have taken place to the tune of 500,000, which signifies the interest of local investors in the stock. Healthy activity was observed in Food sector with UNITY, ASC, FFL and EFOODS topped the interest of investors.
Scripts that contributed positively include UBL (up 37 points), POL (up 19 points), AICL (up 14 points), FFC (up 14 points) and PPL (up 12 points). Stocks that contributed negatively include HBL (down 25 points), PAKT (down 22 points), SNGP (down 16 points), THALL (down 9 points) and CHCC (down 6 points).
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