Pakistan Stock Exchange Tuesday largely moved both ways and managed to close on a positive note due to healthy buying in various sectors at the fag end. BRIndex100 gained 41.1 points or 0.99 percent to close at 4,190.62 points. BRIndex100 touched intraday high of 4,211.10 and intraday low of 4,088.78 points. Volumes stood at 211.971 million shares.
BRIndex30 increased by 385.36 points or 1.79 percent to close at 21,920.13 points with a turnover of 156.856 million shares. The KSE-100 Index surged by 320.03 points or 0.80 percent to close at 40,328.32 points. Trading activity also improved as daily volumes on the ready counter increased to 236.222 million shares as compared to 179.095 million shares traded Monday.
The market capitalization increased by Rs 59 billion to Rs 7.778 trillion. Out of total 358 active scrips, 213 closed in positive, 124 in negative while the value of 21 stocks remained unchanged.
Fauji Foods was the volume leader with 25.895 million shares. It gained Re 0.54 to close at Rs 14.33 followed by Unity Foods increased by Re 1.00 to close at Rs 14.97 with 13.417 million shares. Nestle Pakistan and Gatron Ind were the top gainers with Rs 23.99 and Rs 20.00, respectively to close at Rs 7,998.99 and Rs 490.00. Sanofi-Aventis and Indus Dyeing were the top losers with Rs 40.00 and Rs 25.00, respectively to close at Rs 760.00 and Rs 485.00.
BR Automobile Assembler Index gained 13.66 points or 0.22 percent to close at 6,248.34 points with total turnover of 2.402 million shares.
BR Cement Index gained 43.25 points or 1.22 percent to close at 3,585.77 points with 25.759 million shares. BR Commercial Banks Index closed at 9,355.68 points, up 0.23 points with 27.915 million shares.
BR Power Generation and Distribution Index increased by 63.47 points or 1.21 percent to close at 5,302.76 points with 16.305 million shares.
BR Oil and Gas Index surged by 74.81 points or 1.61 percent to close at 4,716.15 points with 19.839 million shares.
BR Tech. & Comm. Index gained 19.82 points or 2.17 percent to close at 934.35 points with 28.108 million shares.
An analyst at Arif Habib Limited said that the market oscillated between minus 553 points and plus 480 points and closed the session up 320 points. The market opened on a negative note with negative 51 points and extended the losses later.
Investors remained cautious in buying in oil chain, but gradually gained momentum by session end, which saw OGDC trading near upper circuit.
Food sector led the volumes with 28.6 million shares, followed by Technology (28.1 million shares) and Banks (27.9 million shares).
Sectors contributing to the performance include E&P (up 91 points), O&GMCs (up 36 points), Power (up 35 points), Cement (up 32 points) and Fertilizer (up 26 points).
Stocks that contributed positively include OGDC (up 51 points), HUBC (up 28 points), PPL (up 23 points), LUCK (up 22 points) and SNGP (up 18 points). Stocks that contributed negatively include BAHL (down 20 points), UBL (down 10 points), SHFA (down 8 points), BAFL (down 5 points) and EFUG (down 4 points).
Copyright Business Recorder, 2019
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