RECORDER REPORT

KARACHI: A bullish trend continued on Pakistan Stock Exchange on the back of fresh buying in various stocks Wednesday.

BRIndex100 gained 55.81 points or 1.19 percent to close at 4,744.50 points. BRIndex-100 touched intraday high of 4,747.93 and intraday low of 4,685.10 points. Volumes stood at 194.250 million shares.

BRIndex30 increased by 228.85 points or 0.98 percent to close at 23,658.96 points with a turnover of 147.132 million shares.

The benchmark KSE-100 surged by 441.62 points or 1.01 percent to close above 44,000 psychological level at 44,144.20 points. Trading activity further improved as daily volumes on the ready counter increased to 223.429 million shares as compared to 166.489 million shares traded Tuesday.

Foreign investors remained net sellers of shares worth $7.6 million. The market capitalization increased by Rs 46 billion to Rs 9.070 trillion. Out of total 346 active scrips, 170 closed in positive, 151 in negative while the value of 25 stocks remained unchanged.

Bank of Punjab was the volume leader with 58.558 million shares. It gained Re 0.78 to close at Rs 13.07 followed by TRG Pak that increased by Rs 1.44 to close at Rs 30.43 with 15.404 million shares.

National Refinery and Wyeth Pak were the top gainers with Rs 20.19 and Rs 19.88, respectively to close at Rs 424.04 and Rs 1475.00. Rafhan Maize and Sapphire Textile were the top losers with Rs 430.39 and Rs 63.16, respectively to close at Rs 8,177.50 and Rs 1,200.09.

BR Commercial Banks Index surged by 281.88 points or 3.17 percent to close at 9,160.44 points with total turnover of 84.713 million shares.

BR Cement Index gained 25.11 points or 0.48 percent to close at 5,214.28 points with 11.451 million shares.

BR Oil and Gas Index lost 2.49 points or 0.05 percent to close at 5,527.08 points with 10.267 million shares.

BR Tech. & Comm. Index closed at 1,181.47 points, up 22.57 points or 1.95 percent with 18.359 million shares.

BR Power Generation and Distribution Index declined by 51.91 points or 0.83 percent to close at 6,188.84 points with 4.282 million shares.

Danish Ladhani at JS Global Capital said that the Pakistan equities continued its positive trajectory, closing benchmark KSE-100 index up at 44,144 levels.

The bourse kicked off sideways in the early hours but rallied later on, making an intraday low and high of minus 23 points and plus 468 points, respectively.

Major heavyweights namely, HBL (up 4.84 percent), MCB (up 0.95 percent), UBL (up 4.90 percent), LUCK (up 2.30 percent) and FFC (up 0.12 percent) cumulatively contributed plus 269 points.

Financials once again were on the zeal where UBL (up 4.90 percent) and BAHL (up 5.0 percent) were amongst the higher gainers from the sector. Rally was seen in banking scrips as the caretaker Minister for Finance Dr Shamshad Akhtar gave her green signal for holding policy level dialogue with the IMF and the Fund mission was expected to visit Islamabad for gauging the economic health of the country by end of the ongoing month.

Mixed sentiment were witnessed in the Cement sector where LUCK (up 2.30 percent), KOHC (up 0.96 percent) and MLCF (up 0.25 percent) closed in the green; whereas DGKC (down 1.56 percent) and FCCL (down 0.96 percent) closed in the red.