BRIndex100 retreats

RECORDER REPORT

KARACHI: Pakistan Stock Exchange Friday closed the week on a positive note on the back of fresh buying at attractive low levels.

BRIndex100 gained 14.0 points or 0.4 percent to close at 3,543.64 points. BRIndex100 touched intraday high of 3,551.24 and intraday low of 3,484.23 points. Volumes stood at 203.454 million shares.

BRIndex30 inched up by 27.14 points or 0.15 percent to close at 18,017.08 points with ac turnover of 117.378 million shares.

The KSE-100 index increased by 127.15 points or 0.38 percent. It closed at 33,901.58 points. Trading activity also improved as daily volumes on the ready counter increased to 213.909 million shares as compared to 135.021 million shares traded Thursday.

The market capitalization increased by Rs 30 billion to Rs 6.887 trillion. Out of total 338 active scrips, 204 closed in positive, 109 in negative while the value of 25 stocks remained unchanged.

Silk Bank was the volume leader with 38.491 million shares. It gained Re 0.20 to close at Rs 1.18 followed by K-Electric that inched up by Re 0.20 to close at Rs 4.39 with 21.309 million shares.

Sapphire Fiber and Indus Motor Co were the top gainers with Rs 39.10 and Rs 26.54, respectively to close at Rs 821.10 and Rs 1,203.92. Philip Morris Pak and Jubilee Life Ins were the top losers with Rs 188.33 and Rs 10.58, respectively to close at Rs 3,580.00 and Rs 224.42.

BR Automobile Assembler Index surged by 125.41 points or 2.2 percent to close at 5,815.41 points with total turnover of 1.205 million shares.

BR Cement Index increased by 69.82 points or 2.36 percent to close at 3,022.25 points with 22.044 million shares.

BR Commercial Banks Index gained 16.86 points or 0.21 percent to close at 7,998.65 points with 73.835 million shares.

BR Power Generation and Distribution Index inched up by 28.75 points or 0.58 percent to close at 4,951.68 points with 30.984 million shares.

BR Oil and Gas Index lost 11.22 points or 0.28 percent to close at 3,972.27 points with 14.910 million shares.

BR Tech. & Comm. Index closed at 785.52 points, up 16.05 points or 2.09 percent with 10.558 million shares.

An analyst at Arif Habib Limited said that last trading day of the financial year ended positively with plus 127.15 points, although the day’s oscillation from up 162 points to down 365 points, left the investors with a bit of anxiety. Adding to this anxiety was also the decline in rupee parity with USD that caused the index to first recover the loss of 365 points and then increased by 127 points.

The sectors that contributed to this increase were Cement, Utilities, Chemical and Autos. Banking sector led the volumes with 74 million shares, followed by Power (31 million).

Sectors contributing to the performance include Cement (up 48 points), Autos (up 25 points), Pharma (up 21 points), O&GMCs (up 15 points), Power (up 14 points) and E&P (down 34 points).

Stocks that contributed positively include LUCK (up 20 points), MTL (up 12 points), KEL (up 12 points), PSO (up 11 points) and HMB (up 11 points). Stocks that contributed negatively include PPL (down 18 points), HBL (down 17 points), OGDC (down 14 points), PMPK (down 12 points) and POL (down 10 points).