Bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors. BRIndex100 gained 51.51 points or 1.23 percent to close at 4,245.33 points on Tuesday. During the session, the BRIndex-100 touched an intraday high of 4,251.43 and an intraday low of 4,185.76 points. Total volumes stood at 128.564 million shares. BRIndex30 increased by 303.46 points or 1.38 percent to close at 22,362.23 points with total turnover of 91.879 million shares.
KSE-100 index surged by 358.44 points or 0.91 percent and closed at 39,902.21 points. Trading activities also improved as daily volumes on ready counter increased to 136.802 million shares as compared to 124.490 million shares traded on Monday. Total market capitalization increased by Rs 45 billion to Rs 8.015 trillion. Out of total 348 active scrips, 214 closed in positive and 109 in negative while the value of 25 stocks remained unchanged.
TRG Pak was the volume leader with 11.561 million shares and gained Rs 1.20 to close at Rs 25.93 followed by Fauji Foods that increased by Rs 1.45 to close at Rs 35.08 with 9.893 million shares. Rafhan Maize and Nestle Pakistan were the top gainers increasing by Rs 100.00 and Rs 69.00 respectively to close at Rs 6900.00 and Rs 8100.00 while Unilever Foods and Wyeth Pak were the top losers declining by Rs 100.00 and Rs 29.00 respectively to close at Rs 7100.00 and Rs 1021.00.
BR Commercial Banks Index increased by 92.0 points or 1.09 percent to close at 8,517.44 with total turnover of 16.296 million shares. BR Cement Index surged by 48.3 points or 1.19 percent to close at 4,103.63 points with 9.691 million shares. BR Oil and Gas Index gained 6.18 points or 0.13 percent to close at 4,926.59 points with 8.700 million shares.
BR Tech. & Comm. Index inched up by 21.87 points or 2.16 percent to close at 1,032.62 points with 16.111 million shares.
BR Power Generation and Distribution Index closed at 6,351.47 points, up 65.51 points or 1.04 percent with 10.889 million shares.
An analyst at Arif Habib Limited said that the KSE-100 index maintained the uptick on the back of positive expectations from the mini-budget. Activity was observed across the board, however, scrips that were in the limelight include OGDC and PPL, which had international crude prices favouring the outlook. POL dipped slightly after announcement of half yearly result, which stood lower than expected.
Banking sector scrips, HBL and UBL, both continued rallying on positive sentiments and made recent times high above 140 and 145 levels respectively. Among the Chemical sector, EPCL grew on the basis of increase in weekly margins. LOTCHEM, though remained contained but saw healthy demand at a certain price level below 13.
Sectors contributing to the performance include Banks (up 158 points), Fertilizer (up 48 points), Power (up 39 points), Cement (up 32 points), E&P (up 17 points) and Pharma (down 12 points).
Stocks that contributed positively include HBL (up 58 points), BAHL (up 36 points), HUBC (up 31 points), UBL (up 25 points) and ENGRO (up 19 points). Stocks that contributed negatively included APL (down 11 points), ABOT (down 8 points), PKGS (down 5 points), INDU (down 3 points) and ATLH (down 3 points).
Comments
Comments are closed.