A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors. BRIndex100 gained 64.1 points or 1.58 percent to close at 4,108.33 points on Tuesday. BRIndex100 touched intraday high of 4,123.85 and intraday low of 4,050.06 points. Volumes stood at 155.357 million shares.
BRIndex30 increased by 348.43 points or 1.62 percent to close at 21,807.59 points with a turnover of 101.556 million shares.
The KSE-100 index surged by 490.10 points or 1.27 percent to close at 39,052.50 points. Trading activity further improved as daily volumes on the ready counter increased to 166.790 million shares as compared to 157.103 million shares traded Monday. Trading value increased to Rs 8.123 billion against previous day's Rs 7.019 billion.
Foreign investors however remained net sellers of shares worth $0.1 million. The market capitalization increased by Rs 63 billion to Rs 7.884 trillion. Out of total 367 active scrips, 241 closed in positive, 103 in negative while the value of 23 stocks remained unchanged.
K-Electric was the volume leader with 10.123 million shares. However, it lost Re 0.07 to close at Rs 6.22 followed by TRG Pak that increased by Rs 1.13 to close at Rs 24.28 with 9.768 million shares. Mari Petroleum and Wyeth Pak were the top gainers with Rs 44.78 and Rs 36.13, respectively to close at Rs 1,389.23 and Rs 1,032.63. Pak Tobacco and Siemens Pak were the top losers with Rs 52.00 and Rs 22.99, respectively to close at Rs 2,796.00 and Rs 802.00.
BR Commercial Banks Index gained 17.45 points or 0.21 percent to close at 8,357.55 points with a turnover of 19.860 million shares.
BR Cement Index increased by 80.63 points or 1.93 percent to close at 4,267.32 points with 22.270 million shares.
BR Oil and Gas Index surged by 140.45 points or 3.04 percent to close at 4,767.52 points with 16.036 million shares.
BR Tech. & Comm. Index inched up by 11.96 points or 1.22 percent to close at 994.54 points with 16.462 million shares.
BR Power Generation and Distribution Index closed at 6,189.77 points, up 0.21 points with 12.861 million shares.
An analyst at Arif Habib Limited said that the market continued the rally with an increase of over 600 points during the day. E&P stocks contributed significantly to the buying sentiment, which have been playing positive on the back of rising international crude oil prices. Similarly, Chemical sector has also come in the lime light due to improvement in margins. Cement sector led the volumes with 22.8 million shares, followed by Chemical that registered 21 million shares. Banking sector also performed well however, selling pressure was evident in UBL. On the whole, selling activity was observed in LUCK, UBL and OGDC, which have been favourites of Insurance sector for selling.
Sectors contributing to the performance include E&P (up 202 points), Fertilizer (up 71 points), Cement (up 53 points), O&GMCs (up 45 points) and Banks (up 29 points).
Stocks that contributed positively include PPL (up 89 points), OGDC (up 56 points), POL (up 34 points), FFC (up 29 points) and LUCK (up 25 points). Stocks that contributed negatively include PAKT (down 14 points), MCB (down 11 points), KEL (down 4 points), HUMNL (down 3 points) and MUREB (down 3 points).
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