Pakistan Stock Exchange Monday ended on a positive note following select buying in certain sectors. BRIndex100 closed at 4,012.85 points, up 0.12 points with a volume of 65.161 million shares. BRIndex100 touched intraday high of 4,014.97 and intraday low of 3,970.53 points. BRIndex30 gained 24.53 points or 0.12 percent to close at 21,250.83 points. The turnover stood at 39.851 million shares.
The KSE-100 index increased by 57.88 points or 0.15 percent to close at 38,308.92 points. Trading activity remained low as daily volumes decreased to 74.655 million shares as compared to 130.398 million shares traded Friday.
Foreign investors remained net sellers of shares worth $0.2 million. The market capitalization increased by Rs 27 billion to Rs 7.807 trillion. Out of total 330 active scrips, 165 closed in negative, 133 in positive while the value of 32 stocks remained unchanged.
Fatima Fertilizer was the volume leader with 10.072 million shares. It gained Re 0.90 to close at Rs 35.05 followed by K-Electric that closed at Rs 6.03, up Re 0.01 with 6.401 million shares.
Pak Tobacco and Murree Brewery were the top gainers with Rs 127.94 and Rs 31.88, respectively to close at Rs 2,755.41 and Rs 841.78. Unilever Foods and Atlas Honda Limited were the top losers with Rs 375.00 and Rs 18.99, respectively to close at Rs 7,125.00 and Rs 380.01.
BR Commercial Banks Index decreased by 53.56 points or 0.65 percent to close at 8,155.73 points with total turnover of 13.320 million shares.
BR Cement Index lost 6.0 points or 0.14 percent to close at 4,296.40 points with 7.683 million shares.
BR Oil and Gas Index gained 10.54 points or 0.23 percent to close at 4,570.90 points with 3.122 million shares.
BR Tech. & Comm. Index inched up by 8.24 points or 0.82 percent to close at 1,012.85 points with 4.363 million shares.
BR Power Generation and Distribution Index closed at 6,049.28 points, down 3.12 points or 0.05 percent with 7.942 million shares.
An analyst at JS Global Capital said that the KSE-100 index closed at 38,309 levels, up by 58 points, however it made an intraday low of minus 317 points on news of most awaited verdict on references against Nawaz Sharif.
On the economic front, the United Arab Emirates has announced its intention to deposit $3 billion (equivalent to AED11 billion) in the State Bank of Pakistan to support the financial and monetary policy of the country. Moreover, Tuwairqi Steel Mills approaches PM's adviser to get feedstock gas at cheaper rates.