BRIndex100 inches up
RECORDER REPORT
KARACHI: Pakistan Stock Exchange on Tuesday closed on positive note on the back of fresh buying mainly by local investors.
BRIndex100 gained 25.81 points or 0.74 percent to close at 3,506.27 points. During the session, the BRIndex-100 hit an intraday high of 3,522.06 and an intraday low of 3,480.46 points. Total volumes stood at 171.157 million shares.
BRIndex30 increased by 185.51 points or 1.06 percent to close at 17,720.28 points with total daily turnover of 79.892 million shares.
KSE-100 Index surged by 194.61 points or 0.58 percent and closed at 34,019.12 points. Daily trading volumes on ready counter decreased to 217.925 million shares as compared to 262.839 million shares traded on Monday.
The foreign investors remained net sellers of shares worth $1.6 million. Total market capitalization increased by Rs 39 to close at Rs 6.457 trillion. Out of total 375 active scrips, 252 closed on positive and only 92 on negative note while the value of 31 stocks remained unchanged.
Unity Foods was the volume leader with 20.626 million shares and inched up by Rs 0.05 to close at Rs 13.01 followed by Agritech Limited that gained Rs 0.80 to close at Rs 5.05 with 11.032 million shares. Rafhan Maize and Mari Petroleum were the top gainers increasing by Rs 75.00 and Rs 24.90 respectively to close at Rs 7090.00 and Rs 1233.39 while Nestle Pakistan and Faisal Spinning were the top losers declining by Rs 134.00 and Rs 21.00 respectively to close at Rs 6401.00 and Rs 259.00.
BR Automobile Assembler Index lost 13.77 points or 0.25 percent to close at 5,582.38 points with total turnover of 9.670 million shares.
BR Cement Index inched up by 2.12 points or 0.05 percent to close at 4,142.46 points with 12.517 million shares. BR Commercial Banks Index gained 29.35 points or 0.43 percent to close at 6,886.28 points with 9.248 million shares.
BR Power Generation and Distribution Index increased by 38.22 points or 0.91 percent to close at 4,257.23 points with 7.205 million shares. BR Oil and Gas Index surged by 49.98 points or 1.42 percent to close at 3,575.19 points with 11.320 million shares. BR Tech. & Comm. Index closed at 1,359.09 points, up 31.71 points or 2.39 percent with 27.976 million shares.
An analyst at Arif Habib Limited that the market bounced back after realizing a loss of 787 points in Monday’s session (post budget), and posted recovery of 314 points during the session. International crude prices improved overnight that helped E&P, OMCs and Refineries to stage recovery. Cement and Steel sectors also saw renewed buying interest. Chemical sector posted highest trading volumes with 28.7 million shares, followed by Technology (27.9 million shares) and Vanaspati (20.6 million shares).
Sectors contributing to the performance include E&P (up 65 points), Banks (up 32 points), Power (up 23 points), O&GMCs (up 21 points) and Pharma (up 12 points).
Stocks that contributed positively to the index include HUBC (up 19 points), POL (up 18 points), OGDC (up 18 points), PPL (up 15 points) and MARI (up 15 points). Stocks that contributed negatively include FFC (down 16 points), NESTLE (down 14 points), IGIHL (down 12 points), BAFL (down 8 points) and LUCK (down 8 points).
