Pakistan Stock Exchange Monday witnessed a bullish trend following healthy buying, mainly in E&P and banking sectors.
BRIndex100 gained 55.68 points or 1.69 percent to close at 3,352.72 points. BRIndex100 touched intraday high of 3,355.35 and intraday low of 3,297.11 points. Volumes stood at 97.290 million shares.
BRIndex30 increased by 377.45 points or 2.21 percent to close at 17,483.01 points with a turnover of 58.367 million shares.
The KSE-100 index surged by 447.24 points or 1.42 percent to close at 31,928.55 points. Daily trading volumes increased to 104.605 million shares as compared to 103.093 million shares traded last Friday.
The market capitalization increased by Rs 74 billion to Rs 6.386 trillion. Out of total 345 active scrips, 184 closed in positive, 144 in negative while the value of 17 stocks remained unchanged.
DGK Cement was the volume leader with 6.719 million shares. However, it lost Re 0.68 to close at Rs 47.13 followed by OGDC that increased by Rs 5.88 to close at 125.79 with 6.712 million shares. Nestle Pakistan and Colgate Palmolive were the top gainers with Rs 140.00 and Rs 39.27, respectively to close at Rs 5,890.00 and Rs 2,134.00. Rafhan Maize and Murree Brewery were the top losers with Rs 289.00 and Rs 27.85, respectively to close at Rs 5,711.00 and Rs 712.00.
BR Automobile Assembler Index inched up by 22.88 points or 0.48 percent to close at 4,805.24 points with total turnover of 1.162 million shares.
BR Cement Index lost 32.24 points or 1.15 percent to close at 2,764.94 points with 14.980 million shares.
BR Commercial Banks Index increased by 133.59 points or 1.77 percent to close at 7,669.49 points with 8.424 million shares.
BR Power Generation and Distribution Index closed at 4,425.77 points, down 9.42 points or 0.21 percent with 8.533 million shares.
BR Oil and Gas Index surged by 153.47 points or 4.42 percent to close at 3,629.43 points with 21.246 million shares.
BR Tech. & Comm. Index gained 0.77 points or 0.12 percent to close at 650.69 points with 6.480 million shares.
Maaz Mulla at JS Global Capital said that the market observed a bullish momentum throughout the day making an intraday high of plus 473 points, where KSE-100 Index closed at 31,928 levels (up 1.4 percent).
Major positive contribution came from the oil sector as international crude oil prices jumped up after the attack on key oil facilities in Saudi Arabia disrupted about half of the kingdom's oil capacity, or 5.0 percent of the daily global oil supply. POL (up 5.0 percent), OGDC (up 5.0 percent) and PPL (up 5.0 percent) from the aforementioned sector contributed to sector gains.
Banking sector also enjoyed the upward trend where NBP (up 5.0 percent), UBL (up 3.8 percent), HBL (up 2.2 percent) and MCB (up 1.4 percent) were the most gainers of the trading session.
DGKC (down 1.4 percent) from the cement sector declared its FY19 result, where the company posted an EPS of Rs 3.67 and a cash payout of Rs 1.0/share.
Comments
Comments are closed.