BRIndex100 rebounds

Pakistan Stock Exchange Tuesday ended on a positive note following fresh buying in various sectors. BRIndex100 gained 38.16 points or 0.89 percent to close at 4,319.51 points. BRIndex-100 touched intraday high of 4,323.14 and intraday low of 4,279.54 points. Volumes stood at 148.626 million shares.
BRIndex30 increased by 394.81 points or 1.75 percent to close at 22,891.17 points with a turnover of 116.019 million shares.
The KSE-100 index rose by 269.75 points or 0.67 percent to close at 40,596.28 points. Trading activity also improved as daily volumes on the ready counter increased to 165.074 million shares as compared to 134.413 million shares traded Monday.
The market capitalization increased by Rs 30 billion to Rs 8.064 trillion. Out of total 340 active scrips, 178 closed in positive, 143 in negative while the value of 19 stocks remained unchanged.
Azgard Nine was the volume leader with 27.631 million shares. However, the scrip lost Re 0.16 to close at Rs 14.68 followed by K-Electric that gained Re 0.27 to close at Rs 6.51 with 12.700 million shares.
Shezan International and Mari Petroleum were the top gainers with Rs 19.49 and Rs 19.37, respectively to close at Rs 490.00 and Rs 1,298.82. Pak Tobacco and Sanofi-Aventis were the top losers with Rs 87.02 and Rs 33.10, respectively to close at Rs 2,456.98 and Rs 828.00.
BR Commercial Banks Index inched up by 0.43 points to close at 8,642.35 points with total turnover of 13.652 million shares.
BR Cement Index surged by 145.2 points or 3.35 percent to close at 4,477.23 points with 25.486 million shares.
BR Oil and Gas Index closed at 4,941.94 points, up 68.24 points or 1.4 percent with 6.581 million shares.
BR Tech. & Comm. Index gained 20.62 points or 2.01 percent to close at 1,045.09 points with 8.732 million shares.
BR Power Generation and Distribution Index increased by 133.65 points or 2.14 percent to close at 6,382.48 points with 17.530 million shares.
An analyst at Topline Securities said that the Pakistan equities rebounded upon the release of positive macro numbers, where the trade deficit plunged by 9.66 percent to $19.26 billion during the first seven months of the current fiscal year, compared to last year.
Furthermore, Overseas Pakistanis remitted $12.77 billion during the seven months of the current fiscal year up 12 percent on year-on-year basis. Resultantly, the KSE?100 Index gained 270 points or 0.67 percent, closing at 40,596 level.
Oil & Gas Production Companies, Cement and Fertilizer supported the market''s rise as they contributed 273 points, cumulatively.