Pakistan Stock Exchange Friday witnessed a bullish trend on the third consecutive day on the back of healthy buying, mainly by local investors. BRIndex100 gained 20.43 points or 0.55 percent to close at 3,734.74 points. BRIndex100 touched intraday high of 3,749.37 and intraday low of 3,703.68 points. Volumes stood at 159.412 million shares.
BRIndex30 inched up by 38.78 points or 0.2 percent to close at 19,058.45 points with a turnover of 119.691 million shares. The KSE-100 increased by 169.88 points or 0.48 percent to close at 35,572.95 points. Trading activity also improved as daily volumes on the ready counter increased to 167.876 million shares as compared to 154.324 million shares traded Thursday.
The market capitalization increased by Rs 29 billion to Rs 7.151 trillion. Out of total 338 active scrips, 160 closed in negative, 156 in positive while the value of 22 stocks remained unchanged. Maple Leaf was the volume leader with 15.451 million shares. It increased by Rs 1.20 to close at Rs 25.30 followed by TRG Pak that gained Re 0.93 to close at Rs 17.72 with 11.553 million shares.
Nestle Pakistan and Bata Pak were the top gainers with Rs 139.98 and Rs 29.90, respectively to close at Rs 7,087.00 and Rs 1,342.00. Colgate Palmolive and Wyeth Pak were the top losers with Rs 50.00 and Rs 17.23, respectively to close at Rs 2,050.00 and Rs 746.17. BR Commercial Banks Index lost 25.51 points or 0.31 percent to close at 8,336.66 points with total turnover of 6.992 million shares.
BR Cement Index surged by 132.97 points or 4.22 percent to close at 3,284.50 points with 49.009 million shares. BR Oil and Gas Index gained 28.33 points or 0.68 percent to close at 4,220.63 points with 23.332 million shares. BR Tech. & Comm. Index closed at 806.95 points, up 12.8 points or 1.61 percent with 21.282 million shares.
BR Power Generation and Distribution Index decreased by 29.03 points or 0.58 percent to close at 4,986.31 points with 4.655 million shares. BR Automobile Assembler Index increased by 76.17 points or 1.28 percent to close at 6,036.27 points with 1.663 million shares. Maaz Mulla, an analyst at JS Global Capital said that Pakistan equities closed its week on a positive note with the KSE-100 Index gaining 170 points.
The local bourse kicked off on a negative note, making a low of minus 107 point but later recovered after making a high of plus 256 points. Cements and E&Ps were the major gainers towards the index, where DGKC (up 5.0 percent), MLCF (up 5.0 percent), KOHC (up 5.0 percent) and CHCC (up 5.0 percent) closed at their respective upper circuits, whereas LUCK (up 3.8 percent) also closed in green from the aforementioned sector.
In the E&Ps, PPL (up 0.6 percent), OGDC (up 1.3 percent) and POL (up 1.2 percent) closed in green. Mixed sentiments were seen in the Financials where HBL (down 0.4 percent), UBL (down 0.8 percent) and MCB (down 0.3 percent) closed in the red; however BAHL (up 1.8 percent) closed positive.
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