Pakistan Stock Exchange managed to close in positive territory on the last day of the week due to fresh buying in select stocks. BRIndex100 gained 7.1 points or 0.15 percent to close at 4,873.76 points Friday. BRIndex100 touched intraday high of 4,898.17 and intraday low of 4,865.75 points. Volumes stood at 153.322 million shares.
BRIndex30 increased by 107.14 points or 0.44 percent to close at 24,698.21 points with a turnover of 107.829 million shares. The benchmark KSE-100 index surged by 81.91 points or 0.18 percent to close at 45,542.78 points. Trading activity improved significantly as daily volumes on the ready counter increased to 224.768 million shares as compared to 170.307 million shares traded Thursday.
Foreign investors remained net sellers of shares worth $1.6 million. The market capitalization increased by Rs 15 billion to Rs 9.391 trillion. Out of total 372 active scrips, 187 closed in positive, 168 in negative while the value of 17 stocks remained unchanged.
Byco Petroleum was the volume leader with 29.112 million shares. It gained Re 0.53 to close at Rs 15.00 followed by Fatima Fertilizer that increased by Rs 1.08 to close at Rs 33.83 with 18.673 million shares. Sapphire Textile and Island Textile were the top gainers with Rs 70.09 and Rs 47.13, respectively to close at Rs 1,889.85 and Rs 989.76. Unilever Foods and Philip Morris Pak were the top losers with Rs 200.00 and Rs 50.00, respectively to close at Rs 9,000.00 and Rs 2,900.00.
BR Commercial Banks Index increased by 48.16 points or 0.53 percent to close at 9,216.41 points with total turnover of 17.073 million shares. BR Cement Index decreased by 85.47 points or 1.46 percent to close at 5,776.37 points with 15.828 million shares. BR Oil and Gas Index closed at 5,549.02 points, up 1.16 points or 0.02 percent with 7.785 million shares.
BR Tech. & Comm. Index closed at 1,214.19 points with a net negative change of 0.09 points or 0.01 percent with 14.411 million shares. BR Power Generation and Distribution Index lost 8.76 points or 0.13 percent to close at 6,714.47 points with 7.296 million shares.
An analyst at Arif Habib Limited said that the KSE-100 index inched up further but saw another excitement filled day, courtesy of budget expectations, BOP NDMs at rates north of 12 rupees, financial results and news related to tax incentives for refinery sector that immediately had its impact on listed refinery sector stocks. During the day, market went as high as 211 points, however, due to mixed expectations from the budget early gains got diluted and the index ended below 100 points positive.
Scripts that contributed positively include FFC (up 58 points), UBL (up 28 points), PSEL (up 23 points), BOP (up 23 points) and OGDC (up 17 points). Stocks that contributed negatively include LUCK (down 32 points), NML (down 20 points), POL (down 20 points), SNGP (down 11 points) and ISL (down 10 points).
Comments
Comments are closed.