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Pakistan Stock Exchange Thursday witnessed a mixed trend however, closed on a positive note due to select buying at the Fag end.

BRIndex100 gained 9.49 points or 0.21 percent to close at 4,533.54 points. BRIndex100 touched intraday high of 4,552.53 and intraday low of 4,502.18 points. Volumes stood at 205.349 million shares.

BRIndex30 inched up by 44.35 points or 0.19 percent to close at 23,950.50 points with a turnover of 147.447 million shares.

The KSE-100 Index increased by 72.07 points or 0.17 percent to close at 43,065.09 points. Trading activity also improved as daily volumes on the ready counter increased to 229.862 million shares as compared to 171.256 million shares traded Wednesday.

The market capitalization increased by Rs 6 billion to Rs 8.064 trillion. Out of total 354 active scrips, 200 closed in positive, 137 in negative while the value of 17 stocks remained unchanged.

Bank of Punjab was the volume leader with 60.410 million shares. It gained Re 0.63 to close at Rs 14.13 followed by WorldCall Telecom that lost Rs 0.04 to close at Rs 1.30 with 11.671 million shares. Shezan International and Murree Brewery were the top gainers with Rs 23.95 and Rs 16.13, respectively to close at Rs 555.00 and Rs 684.80. Colgate Palmolive and Indus Dyeing were the top losers with Rs 125.00 and Rs 29.30 respectively to close at Rs 2,375.00 and Rs 557.05.

BR Automobile Assembler Index lost 6.51 points or 0.11 percent to close at 6,144.32 points with total turnover of 4.757 million shares.

BR Cement Index gained 20.39 points or 0.52 percent to close at 3,926.51 points with 33.932 million shares.

BR Commercial Banks Index increased by 59.25 points or 0.58 percent to close at 10,258.07 points with 81.223 million shares.

BR Power Generation and Distribution Index inched up by 1.09 points or 0.02 percent to close at 5,844.21 points with 7.425 million shares.

BR Oil and Gas Index fell by 9.95 points or 0.2 percent to close at 5,032.80 points with 9.741 million shares.

BR Tech. & Comm. Index closed at 1,062.03 points, down 0.1 points or 0.01 percent with 29.432 million shares.

An analyst at Arif Habib Limited said that the market maintained the rangebound activity, witnessed for the past 2 sessions, where the index moves both directions and in the end maintains 43,000 level.

Political uncertainty has so far kept the otherwise bright outlook muddled. Banking sector scrips also held on to price levels, whereas Index heavy weights such as ENGRO, POL, OGDC, HBL, PSO remained under slight pressure. In general, Cement and Textile sector scrips performed well and price gains were observed, although a news article quoted additional cost burden being added by the government on the textile sector.

Banking sector led the volumes with 81.1 million shares, contributed mainly by BOP (60.3 million shares), followed by Cement (33.9 million shares) and Technology (29.4 million shares).

Sectors contributing to the performance include Banks (up 63 points), Textile (up 21 points), Cement (up 13 points), E&P (down 18 points), Chemical (down 16 points) and Inv Banks (down 16 points). Stocks that contributed positively include FFC (up 17 points), MEBL (up 17 points), MCB (up 17 points), BOP (up 16 points) and HMB (up 15 points). Stocks that contributed negatively include DAWH (down 17 points), COLG (down 16 points), OGDC (down 15 points), ENGRO (down 12 points) and POL (down 12 points).

Copyright Business Recorder, 2020

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