RECORDER REPORT

KARACHI: Pakistan Stock Exchange on Monday witnessed mixed trend however late buying in various stocks supported the market to close in positive with minor gains with low volumes. BRIndex100 gained 6.68 points or 0.16 percent to close at 4,271.52 points. During the session, the BRIndex-100 touched an intraday high of 4,283.49 and an intraday low of 4,261.43 points. Total volumes stood at 84.863 million shares.

BRIndex30 surged by 127.56 points or 0.6 percent to close at 21,506.01 points with total turnover of 60.782 million shares.

Pakistan’s benchmark KSE-100 index increased by 39.45 points and closed at 40,049.81 points. Trading activities remained very thin as daily volumes decreased to 96.654 million shares as compared to 180.780 million shares traded on previous session.

The foreign investors remained net sellers of shares worth $1.1 million. Total market capitalization increased by Rs 28 billion to Rs 8.403 trillion. Out of total 347 active scrips, 167 closed in positive and 161 in negative while the value of 19 stocks remained unchanged.

TRG was the volume leader with 16.381 million shares however declined by Rs 1.71 to close at Rs 37.06 followed by K-Electric that gained Rs 0.02 to close at Rs 6.34 with 6.037 million shares. Sapphire Textile and Pak Suzuki were the top gainers increasing by Rs 83.89 and Rs 24.02 respectively to close at Rs 1828.90 and Rs 504.42 while Island Textile and Bata Pak were the top losers declining by Rs 39.75 and Rs 28.85 respectively to close at Rs 755.25 and Rs 2421.15. BR Commercial Banks Index decreased by 39.15 points or 0.51 percent to close at 7,692.30 points with total turnover of 7.463 million shares.

BR Cement Index gained 32.87 points or 0.66 percent to close at 5,013.60 points with total volumes of 3.990 million shares.

BR Oil and Gas Index increased by 59.13 points or 1.19 percent to close at 5,030.73 points with 8.156 million shares.

BR Tech. & Comm. Index closed at 1,184.60 points, down 19.03 points or 1.58 percent with 20.800 million shares.

BR Power Generation and Distribution Index lost 55.51 points or 0.86 percent to close at 6,366.86 points with total turnover of 8.630 million shares.

Maaz Mulla at JS Global Capital said another lackluster session was witnessed at the local bourse, where the KSE-100 index closed only 39 points higher at 40,050. SNGP (up 3.48 percent) closed positive on back of the news that the government has assured the SNGP that its return will not go down under gas sectors’ reforms. A rally was witnessed in the cement sector where LUCK (up 1.24 percent), DGKC (up 1.85 percent) and MLCF (up 1.25 percent) closed positively. Banking sector remained under pressure throughout the day as HBL (down 0.83 percent), MCB (down 1.00 percent) and BAFL (down 0.89 percent) closed in the red trajectory. E&P sector caught investors’ interest and closed higher than its previous day close where POL (up 0.56 percent), PPL (up 1.22 percent) and OGDC (up 2.01 percent) closed in the green zone.