KARACHI: Pakistan Stock Exchange witnessed bullish trend on Thursday due to aggressive buying by both local and foreign investors.

BRIndex100 gained 41.18 points or 0.99 percent to close at 4,184.59 points. During the session, the BRIndex-100 hit an intraday high of 4,209.05 and an intraday low of 4,143.41 points. Total volumes stood at 783.525 million shares.

BRIndex30 increased by 215.8 points or 1.01 percent to close at 21,488.65 points with total daily turnover of 596.377 million shares.

KSE-100 index surged by 283.34 points or 0.71 percent to close above 40,000 psychological level at 40,166.12 points. Trading activities improved significantly as daily volumes on ready counter increased to 4-year high level of 826.808 million shares as compared to 501.945 million shares traded on Wednesday.

The foreign investors also remained net buyers of shares worth $1.180 million. Total market capitalization increased by Rs 64 billion to Rs 7.432 trillion. Out of total 415 active scrips, 234 closed in positive and 166 in negative while the value of 15 stocks remained unchanged.

WorldCall Telecom was the volume leader with 242.817 million shares and gained Re 0.42 to close at Rs 1.43 followed by Power Cement that inched up by Re 0.34 to close at Rs 10.07 with 45.339 million shares. Rafhan Maize and Pak Tobacco were the top gainers increasing by Rs 350.00 and Rs 44.99 respectively to close at Rs 8300.00 and Rs 1656.00 while Mehmood Textile and Sapphire Fiber were the top losers declining by Rs 40.15 and Rs 30.00 respectively to close at Rs 495.30 and Rs 756.00.

BR Automobile Assembler Index increased by 170.03 points or 2.13 percent to close at 8,158.98 points with total turnover of 10.526 million shares.

BR Cement Index gained 54.33 points or 0.98 percent to close at 5,573.33 points with 141.419 million shares.

BR Commercial Banks Index surged by 87.27 points or 1.07 percent to close at 8,240.05 points with 50.570 million shares.

BR Power Generation and Distribution Index closed at 4,848.87 point, up 0.77 points or 0.02 percent with 46.374 million shares.

BR Oil and Gas Index inched up by 27.01 points or 0.68 percent to close at 4,010.56 points with 36.714 million shares.

BR Tech & Comm Index gained 74.6 points or 4.59 percent to close at 1,699.90 points with 303.277 million shares.

Danish Ladhani at JS Global Capital said the KSE-100 index closed in the positive zone, making a high of up 540 points, to finally close at 40,166 levels.

Market remained bullish in the trading session with E&Ps being the major player. OGDC (up 0.4 percent), POL (up 1.7 percent) and PPL (up 1.1 percent) in the E&Ps closed in the positive trajectory.

Mixed sentiments were seen in the Financials where NBP (up 6.2 percent) closed near the upper circuit, while MCB (up 3.9 percent) and HBL (up 0.5 percent) also closed in the positive trajectory.

Furthermore, TRG (up 7.4 percent) and EFERT (up 1.7 percent) were also among the major index movers.

Copyright Business Recorder, 2020