Pakistan Stock Exchange ended on positive note on the back of fresh buying on available attractive low levels. BRIndex100 gained 9.83 points or 0.26 percent to close at 3,840.79 points on Wednesday. During the session, the BRIndex-100 touched an intraday high of 3,877.20 and an intraday low of 3,821.41 points. Total volumes stood at 107.340 million shares.
BRIndex30 increased by 104.75 points or 0.54 percent to close at 19,515.59 points with total turnover of 75.443 million shares. KSE-100 index surged by 100.22 points or 0.28 percent and closed at 36,504.25 points. Daily trading volumes stood at 115.987 million shares as compared to 119.605 million shares traded on Tuesday.
Total market capitalization increased by Rs 5 billion to Rs 7.404 trillion. Out of total 336 active scrips, 183 closed in negative and 133 in positive while the value of 20 stocks remained unchanged. Lotte Chemical was the volume leader with 9.811 million shares and gained Rs 0.32 to close at Rs 16.48 followed by Bank of Punjab that inched up by Rs 0.11 to close at Rs 12.01 with 8.763 million shares. Nestle Pakistan and Sanofi-Aventis were the top gainers increasing by Rs 209.00 and Rs 38.05 respectively to close at Rs 7999.00 and Rs 799.05 while Philip Morris Pak were the top losers declining by Rs 157.34 and Rs 27.22 respectively to close at Rs 2989.52 and Rs 517.41.
BR Commercial Banks Index increased by 70.98 points or 0.88 percent to close at 8,160.83 points with total turnover of 17.703 million shares. BR Cement Index lost 4.81 points or 0.15 percent to close at 3,275.05 points with 23.432 million shares. BR Oil and Gas Index gained 21.79 points or 0.49 percent to close at 4,499.39 points with 7.025 million shares. BR Tech & Comm Index inched up by 0.03 points to close at 844.11 points with 12.691 million shares.
BR Power Generation and Distribution Index closed at 5,071.53 points, up 21.12 points or 0.42 percent with 9.034 million shares. An analyst at Arif Habib Limited said that the market went green and the positive drive was mainly attributed to positive earnings posted by Banks (HBL, UBL, MCB) as well as DGKC that showed promising results as against market expectation. Post result announcement, all the pertinent stocks gained in terms of price and volume, however, due to prevailing weak sentiment, profit booking ensued as well that largely eroded almost all the gains in Cement sector scrips.
Cement sector garnered 23 million shares, which is the highest among other sectors, followed by Banks (18 million) and Chemical (15 million). Sectors contributing to the performance include Banks (up 77 points), Power (up 35 points), E&P (up 27 points), Food (up 15 points), Pharma (down 36 points) and Tobacco (down 10 points).
Stocks that contributed positively include UBL (up 42 points), HUBC (up 37 points), NESTLE (up 20 points), OGDC (up 16 points) and HMB (up 14 points). Stocks that contributed negatively include ABOT (down 12 points), NBP (down 11 points), FFBL (down 11 points), PMPK (down 10 points) and SEARL (down 9 points).