RECORDER REPORT

KARACHI: Due to fresh buying in various sectors, Pakistan Stock Exchange Friday witnessed a positive trend on the first day after Eid holidays.

BRIndex100 gained 16.45 points or 0.36 percent to close at 4,602.19 points. BRIndex100 touched intraday high of 4,604.78 and intraday low of 4,566.73 points. Volumes stood at 101.472 million shares.

BRIndex30 increased by 212.39 points or 0.92 percent to close at 23,333.09 points with a turnover of 78.659 million shares.

The benchmark KSE-100 index surged by 163.19 points or 0.38 percent to close at 42,588.29 points. Trading activity however remained thin as daily volumes on the ready counter decreased to 115.892 million shares as compared to 147.552 million shares traded Monday.

Foreign investors were net sellers of shares worth $1.4 million. The market capitalization increased by Rs 35 billion to Rs 8.752 trillion. Out of total 341 active scrips, 190 closed in positive, 133 in negative while the value of 18 stocks remained unchanged.

WorldCall Telecom was the volume leader with 22.524 million shares. It gained Re 0.07 to close at Rs 2.10 followed by Unity Foods Limited that increased by Rs 2.08 to close at Rs 43.80 with 7.861 million shares.

Philip Morris Pak and Sanofi-Aventis were the top gainers with Rs 149.62 and Rs 50.60, respectively to close at Rs 3,142.12 and Rs 1,125.60. Colgate Palmolive and Bata Pak were the top losers with Rs 47.00 and Rs 31.98, respectively to close at Rs 2,953.00 and Rs 1,865.00.

BR Commercial Banks Index gained 22.35 points or 0.26 percent to close at 8,711.30 points with total turnover of 8.256 million shares.

BR Cement Index lost 10.22 points or 0.2 percent to close at 5,044.07 points with 6.252 million shares.

BR Oil and Gas Index inched up by 3.03 points or 0.06 percent to close at 5,352.60 points with 4.196 million shares.

BR Tech. & Comm. Index closed at 1,285.98 points, up 16.37 points or 1.29 percent with 29.872 million shares.

BR Power Generation and Distribution Index increased by 105.8 points or 1.77 percent to close at 6,070.61 points with 5.596 million shares.

An analyst at Arif Habib Limited said that the KSE-100 witnessed a dull start which ended with 33 points negative in the first half with low volume. The market went 145 points negative in the first session but reached 193 points positive in the second half led by select foreign buying. The market had rangebound performance as expected, which was primarily due to lack of triggers and low economic activity during the week due to Eid vacations. Foreign buying was relatively active in E&P and Fertilizer sectors. Cement and Banking scrips remained on back burner and investors did not take aggressive positions.

Scripts that contributed positively include FFC (up 21 points), EFERT (up 20 points), MCB (up 19 points), TRG (up 15 points) and THALL (up 14 points). Stocks that contributed negatively include HBL (down 17 points), PPL (down 13 points), LUCK (down 6 points), DGKC (down 6 points) and PIBTL (down 6 points).