RECORDER REPORT
KARACHI: Pakistan Stock Exchange (PSX) Monday started the week on a positive note as investor sentiment remained optimistic following the economic reforms package announced by the government.
BRIndex100 gained 16.37 points or 0.38 percent to close at 4,299.39 points compared to 4,283.02 points Friday. BRIndex100 touched intraday high of 4,308.35 points and intraday low of 4,280.69 points. Volume stood at 115 million shares. Pak. Int. Airlines (A) was the most traded company in BRIndex100 with a volume of 15.24 million shares.
BRIndex30 opened at 22,482.82 points. It touched intraday high of 22,642.13 points and intraday low of 22,442.03 points to close at 22,582.66 points which was 99.84 points or 0.44 percent higher than Friday’s close. The share trading volume stood at 88.794 million.
The benchmark KSE-100 index made an intraday high of 200 points, however could not sustain the level and closed at 40,420 points, up by 155 points. Traded volumes remained dull as overall some 126 million shares changed hands compared to 156 million in the previous session.
The market capitalization increased by Rs 23 billion to reach Rs 8.074 trillion. Out of total 334 active scrips, some 183 closed positive, 134 negative while the value of 17 stocks remained unchanged. PIAA (+12.5%), TRG (+1.4%) and FFL (-2.4%) led the volume with more than 29 million shares.
Commenting on the market, Ahsan Mehanti of Arif Habib Corp said that stocks closed bullish led by oil, autos and cement scrips on investor speculations in the earnings season.
He said intraday pressure remained on global equity sell-off. Textile and fertilizer stocks battered on concerns for pending litigations resolve over settlement of GIDC levies.
Robust financial results in the oil sector, foreign inflows, higher global oil prices, Pakistan bailout receipt from UAE and tax concessions in the ‘mini budget’ for auto sector played a catalytic role in bullish close, he added.
P.I.A.C emerged volume leader with 15.24 million shares. It gained Re 0.81 to close at Rs 7.27 followed by TRG Pak Ltd that surged by Re 0.37 to close at Rs 26.82 with 7.94 million shares. Fauji Foods Ltd ranked third with 6 million shares to close at Rs 33.84, down by Re. 0.84.
Indus Motor Co and Siemens Pak were the top gainers with Rs 19.22 and Rs 15.97, respectively to close at Rs 1,226.46 and Rs 826.00. Unilever Foods and Hinopak Motor were the top losers with Rs 62.50 and Rs 22.45, respectively to close at Rs 7,000.00 and Rs 461.08.
BR Commercial Banks Index closed at 8,740.12 points with a net positive change of 7.18 points or a percentage change of 0.08 and a total turnover of 13.843 million.
BR Cement Index closed at 4,163.12 points with a net positive change of 23 points or a percentage change of 0.56 and a total turnover of 9.256 million.
BR Oil and Gas Index closed at 4,927.64 points with a net positive change of 13.55 points or a percentage change of 0.28 and a total turnover of 5.236 million.
BR Tech. & Comm. Index closed at 1,039.73 points with a net positive change of 9.13 points or a percentage change of 0.89 and a total turnover of 11.689 million.
BR Power Generation and Distribution Index closed at 6,307.78 points with a net positive change of 8.25 points or a percentage change of 0.13 and a total turnover of 5.467 million.
