KARACHI: Pakistan Stock Exchange Monday witnessed a mixed trend however after moving both ways it closed on a positive note on the back of select buying, mainly by local investors at the fag end.

BRIndex100 gained 22.25 points or 0.54 percent to close at 4,153.49 points. BRIndex100 hit intraday high of 4,156.33 and intraday low of 4,114.27 points. Volumes stood at 319.658 million shares.

BRIndex30 increased by 127.58 points or 0.6 percent to close at 21,359.79 points with a turnover of 188.279 million shares.

The KSE-100 Index surged by 181.01 points or 0.46 percent to close at 39,802.60 points. Trading activity also remained low as daily volumes on the ready counter decreased to 371.723 million shares as compared to 400.478 million shares traded Friday.

Foreign investors however remained net sellers of shares worth $160,333. Total market capitalization increased by Rs 17 billion to Rs 7.378 trillion. Out of total 388 active scrips, 229 closed in positive and 135 in negative while the value of 24 stocks remained unchanged.

TRG Pak was the volume leader with 29.893 million shares and increased by Rs 3.64 to close at Rs 54.46 followed by Dewan Cement that gained Rs 1.00 to close at Rs 11.02 with 23.459 million shares. Island Textile and Sapphire Textile were the top gainers increasing by Rs 73.95 and Rs 29.99 respectively to close at Rs 1065.94 and Rs 899.99 while Nestle Pakistan and Sapphire Fiber were the top losers declining by Rs 50.01 and Rs 34.90 respectively to close at Rs 6100.00 and Rs 770.10.

BR Automobile Assembler Index gained 7.13 points or 0.09 percent to close at 7,892.27 points with total turnover of 4.832 million shares.

BR Cement Index increased by 101.6 points or 1.87 percent to close at 5,540.15 points with 58.375 million shares.

BR Commercial Banks Index inched up by 1.43 points or 0.02 percent to close at 8,106.74 points with 17.429 million shares.

BR Power Generation and Distribution Index lost 8.9 points or 0.18 percent to close at 4,903.67 points with 13.153 million shares.

BR Oil and Gas Index fell by 21.8 points or 0.53 percent to close at 4,069.74 points with 32.657 million shares.

BR Tech. & Comm. Index surged by 62.53 points or 3.91 percent to close at 1,660.48 points with 67.132 million shares. Danish Ladhani at JS Global Capital said that the KSE-100 Index closed in the positive trajectory at 39,802 levels, up 181 points. Market remained traded range bound during the session making a high and a low of plus 203 points and minus 148 points respectively. In the E&Ps, OGDC (down 1.6 percent), POL (down 1.6 percent) and PPL (down 1.4 percent) closed in the red zone as oil inched lower amid concerns over fuel demand recovery. Furthermore, activity was seen in the Cements where LUCK (up 2.2 percent), DGKC (up 1.3 percent), CHCC (up 0.8 percent) and PIOC (up 1.0 percent) closed in the green on anticipation of strong dispatches.

Moreover, LUCK (up 2.2 percent), TRG (up 7.2 percent), DAWH (up 3.0 percent), SEARL (up 4.5 percent), NBP (up 4.0 percent) and PSO (up 1.4 percent) were the major movers. GLAXO (up 4.8 percent) announced its first half of CY20 EPS of Rs 3.90 versus Rs 2.75 in the same period last year with no cash payout. AICL (up 5.4 percent) announced its first half of CY20 consolidated EPS of Rs 2.57 against Rs 1.51 in the same period last year with a cash payout of Rs 1.25/share.

Copyright Business Recorder, 2020