KSE-100 Index advances: BRIndex100 extends gains

Pakistan Stock Exchange Friday remained positive on the back of healthy buying in various sectors.

BRIndex100 gained 23.46 points or 0.63 percent to close at 3,769.09 points. BRIndex100 touched intraday high of 3,778.97 and intraday low of 3,745.04 points. Volumes stood at 186.929 million shares.

BRIndex30 increased by 120.31 points or 0.61 percent to close at 19,703.52 points with a turnover of 107.335 million shares.

The KSE-100 Index surged by 219.64 points or 0.61 percent to close at 35.978.16 points. Daily trading volumes on the ready counter stood at 210.573 million shares as compared to 265.966 million shares traded Thursday.

The market capitalization increased by Rs 28 billion to Rs 6.961 trillion. Out of total 370 active scrips, 206 closed in positive, 144 in negative while the value of 20 stocks remained unchanged.

WorldCall Telecom was the volumes leader with 21.461 million shares. However, the scrip closed at Rs 1.69, down Re 0.01 followed by Hum Network that gained Re 0.22 to close at Rs 3.05 with 11.123 million shares.

Bata Pak and Service Ind. Limited were the top gainers with Rs 82.31 and Rs 43.28, respectively to close at Rs 1,728.69 and Rs 908.96. Philip Morris Pak and Colgate Palmolive were the top losers with Rs 121.83 and Rs 99.40, respectively to close at Rs 2,329.17 and Rs 1,888.60.

BR Automobile Assembler Index gained 24.71 points or 0.47 percent to close at 5,302.85 points with total turnover of 948,020 shares.

BR Cement Index lost 22.06 points or 0.68 percent to close at 3,201.54 points with 26.056 million shares.

BR Commercial Banks Index increased by 82.42 points or 1.0 percent to close at 8,319.18 points with 16.006 million shares.

BR Power Generation and Distribution Index declined by 39.97 points or 0.84 percent to close at 4,692.71 points with 13.854 million shares.

BR Oil and Gas Index closed at 4,210.85 points, up 45.19 points or 1.08 percent with 8.471 million shares.

BR Tech. & Comm. Index inched up by 1.87 points or 0.24 percent to close at 788.05 points with 44.078 million shares.

Muhammad Maaz Mulla at JS Global Capital said that the KSE-100 Index witnessed positive investor sentiment in the session, making an intraday high of plus 290 points. E&Ps and banking stocks were the major gainers of the day where OGDC (up 1.5 percent), PPL (up 1.1 percent), UBL (up 2.0 percent), MCB (up 1.9 percent) and HBL (up 1.1 percent) all closed in the green zone. Profit booking was witnessed in the cement sector where MLCF (down 5.1 percent), PIOC (down 4.5 percent), DGKC (down 3.1 percent), FCCL (down 2.7 percent) and CHCC (down 2.7 percent) were on the hammering belt.