BRIndex100 rangebound

Pakistan Stock Exchange Thursday managed to close on a positive note due to buying in various sectors.
BRIndex100 gained 27.28 points or 0.71 percent to close at 3,845.33 points. BRIndex100 touched intraday high of 3,862.77 and intraday low of 3,808.05 points. Volumes stood at 130.045 million shares.
BRIndex30 increased by 111.43 points or 0.58 percent to close at 19,477.90 points with a turnover of 99.147 million shares.
The KSE-100 surged by 208.32 points or 0.57 percent to close at 36,787.64 points. Trading activity slightly improved as daily volumes on the ready counter increased to 143.798 million shares as compared to 141.177 million shares traded Wednesday.
The market capitalization increased by Rs 39 billion to Rs 7.554 trillion. Out of total 338 active scrips, 181 closed in positive, 129 in negative while the value of 28 stocks remained unchanged.
TRG Pak was the volume leader with 11.863 million shares. However, it lost Re 0.08 to close at Rs 20.10 followed by Fauji Cement that closed at Rs 16.24, down Re 0.56 with 11.563 million shares.
Unilever Foods and Siemens Pak were the top gainers with Rs 250.00 and Rs 25.00, respectively to close at Rs 6,500.00 and Rs 745.00. Jubilee Life Ins and Al-Ghazi Tractors were the top losers with Rs 10.03 and Rs 7.19, respectively to close at Rs 336.37 and Rs 413.00.
BR Commercial Banks Index increased by 44.03 points or 0.55 percent to close at 8,119.86 points with total turnover of 10.293 million shares.
BR Cement Index lost 20.47 points or 0.61 percent to close at 3,337.36 points with 37.896 million shares.
BR Oil and Gas Index gained 36.26 points or 0.8 percent to close at 4,554.85 points with 6.917 million shares.
BR Tech. & Comm. Index inched up by 8.09 points or 0.94 percent to close at 868.09 points with 23.967 million shares.
BR Power Generation and Distribution Index closed at 5,203.21 points, up 51.26 points or 0.99 with 12.854 million shares.
An analyst at Arif Habib Limited said that the market traded in a narrow band, although tilted towards positive, but oscillated between minus 80 points and plus 331 points during the session.
Highlight of the session remained Cement Sector, which saw trading volumes of 38 million (contributed by FCCL, MLCF and DCL) and contributed negatively to the points table.
Selling pressure was observed in the Cement sector, whereby MLCF saw several touchdowns on lower circuit, but otherwise DGKC and LUCK saw considerable buying activity. E&P, Refinery, Banks and Engineering sector performed positive.
Sectors contributing to the performance include Banks (up 48 points), E&P (up 46 points), O&GMCs (up 36 points), Power (up 24 points), Fertilizer (up 20 points) and Cement (down 20 points).
Stocks that contributed positively include OGDC (up 29 points), PSO (up 24 points), HUBC (up 22 points), LUCK (up 22 points) and HBL (up 14 points). Stocks that contributed negatively include DGKC (down 13 points), FCCL (down 9 points), MLCF (down 9 points), HASCOL (down 5 points) and CHCC (down 5 points).