KARACHI: Pakistan Stock Exchange Tuesday witnessed a bullish trend and closed on strong positive note on the back of healthy buying by local and foreign investors.

BRIndex100 gained 60.96 points or 1.27 percent to close at 4,871.51 points. BRIndex100 hit intraday high of 4,896.86 and an intraday low of 4,810.55 points. Volumes stood at 317.411 million shares.

BRIndex30 increased by 4,72.2 points or 1.88 percent to close at 25,585.69 points with a turnover of 201.658 million shares.

The KSE-100 Index surged by 486.21 points or 1.08 percent and close at 45,399.78 points. Trading activity however remained low as daily volumes on ready counter decreased to 343.281 million shares as compared to 363.097 million shares traded Monday.

Foreign investors remained net buyers of shares worth $783,127. Total market capitalization increased by Rs 85 billion to Rs 7.936 trillion. Out of total 401 active scrips, 280 closed in positive and 102 in negative while the value of 19 stocks remained unchanged.

WorldCall Telecom was the volume leader with 57.044 million shares and gained Rs 0.04 to close at Rs 1.73 followed by Unity Foods that increased by Rs 1.99 to close at Rs 32.48 with 30.641 million shares. Rafhan Maize and Island Textile were the top gainers increasing by Rs 568.00 and Rs 144.60 respectively to close at Rs 9818.00 and Rs 2074.00 while Premier Sugar and Mari Petroleum were the top losers declining by Rs 26.90 and Rs 19.95 respectively to close at Rs 335.60 and Rs 1595.61.

BR Automobile Assembler Index increased by 131.7 points or 1.46 percent to close at 9,133.45 points with total turnover of 2.985 million shares.

BR Cement Index gained 52.36 points or 0.73 percent to close at 7,268.21 points with 13.292 million shares.

BR Commercial Banks Index added 78.43 points or 0.92 percent to close at 8,628.15 points with 23.867 million shares.

BR Power Generation and Distribution Index inched up by 24.87 points or 0.46 percent to close at 5,477.33 points with 4.031 million shares.

BR Oil and Gas Index lost 3.95 points or 0.1 percent to close at 3,956.25 points with 5.806 million shares.

BR Tech. & Comm. Index closed at 3,960.80 points, up 175.65 points or 4.64 percent with 111.135 million shares.

Muhammad Mubashir at JS Global Capital said that bulls dominated the market as the KSE-100 Index rose 486 points and closed at a level of 45,399 points.

Some stimulus was provided by news of UAE's extension given to Pakistan for loan repayment. Furthermore, negotiations between the government and TLP have resumed.

Daily traded value stood at $93 million, while volumes clocked in at 343 million shares. TRG remained in the limelight throughout the day on material information pertaining to its associate company.

Copyright Business Recorder, 2021