Pakistan Stock Exchange Tuesday opened on a strong positive note, however it witnessed profit-taking in various sectors in mid-session.
BRIndex100 gained 11.74 points or 0.29 percent to close at 4,048.65 points. BRIndex100 touched intraday high of 4,090.69 and intraday low of 4,031.48 points. Volumes stood at 332.347 million shares.
BRIndex30 lost 58.53 points or 0.28 percent to close at 20,829.52 points with a turnover of 213.283 million shares.
The KSE-100 Index increased by 152.81 points or 0.40 percent to close at 38,564.37 points. Daily trading volumes stood at 385.321 million shares as compared to 466.079 million shares traded Monday.
The market capitalization declined by Rs 12 billion to Rs 7.347 trillion. Out of total 390 active scrips, 187 closed in positive, 177 in negative while the value of 26 stocks remained unchanged.
K-Electric was the volume leader with 27.535 million shares. It gained Re 0.05 to close at Rs 4.36 followed by Bank of Punjab that lost Re 0.20 to close at Rs 11.06 with 25.028 million shares.
Nestle Pakistan and Colgate Palmolive were the top gainers with Rs 58.75 and Rs 41.00, respectively to close at Rs 6,335.00 and Rs 2,040.00. Pak Tobacco and Unilever Foods were the top losers with Rs 124.50 and Rs 100.00, respectively to close at Rs 2,374.00 and Rs 6,900.00.
BR Automobile Assembler Index gained 15.36 points or 0.25 percent to close at 6,084.81 points with total turnover of 3.384 million shares.
BR Cement Index inched up by 7.66 points or 0.22 percent to close at 3,516.62 points with 42.759 million shares.
BR Commercial Banks Index decreased by 29.43 points or 0.33 percent to close at 8,824.05 points with 40.089 million shares.
BR Power Generation and Distribution Index surged by 191.24 points or 3.59 percent to close at 5,519.38 points with 38.536 million shares.
BR Oil and Gas Index increased by 38.17 points or 0.86 percent to close at 4,468.82 points with 34.738 million shares.
BR Tech. & Comm. Index closed at 913.48 points, up 2.63 points or 0.29 percent with 32.503 million shares.
Muhammad Maaz Mulla at JS Global Capital said that the KSE-100 Index started on a positive note as the index made an intraday high of plus 500 points, losing ground soon afterwards on profit-taking, closing at 38,564 level, up 153 points.
Profit booking was witnessed in cement, financials and steel sector, where CHCC (down 4.5 percent), PIOC (down 3.6 percent), FCCL (down 2.4 percent), MLCF (down 1.0 percent), UBL (down 1.4 percent), BOP (down 1.8 percent), BAHL (down 1.4 percent), HBL (down 0.2 percent), MUGHAL (down 2.8 percent), ISL (down 3.0 percent) and ASL (down 6.0 percent) were the major losers of the mentioned sectors.
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