BRIndex100 inches up
RECORDER REPORT
KARACHI: After opening on a positive note, Pakistan Stock Exchange Monday remained rangebound throughout the session with extremely low volumes on the first day of the new trading week.
BRIndex100 gained 11.27 points or 0.32 percent to close at 3,554.91 points. BRIndex100 touched intraday high of 3,566.58 and intraday low of 3,530.51 points. Volumes stood at 44.814 million shares.
BRIndex30 inched up by 95.61 points or 0.53 percent to close at 18,112.69 points with a turnover of 31.306 million shares.
The KSE-100 Index increased by 94.75 points or 0.28 percent to close at 33,996.33 points. Trading activity remained extremely thin as daily volumes on the ready counter decreased to 48.046 million shares as compared to 213.909 million shares traded Friday.
Foreign investors remained net buyers of shares worth $1.0 million.
The market capitalization increased by Rs 1.0 billion to Rs 6.888 trillion. Out of total 314 active scrips, 155 closed in positive, 140 in negative while the value of 19 stocks remained unchanged.
Unity Foods was the volume leader with 13.905 million shares. It gained Re 0.58 to close at Rs 10.88 followed by TRG Pak that inched up by Re 0.02 to close at Rs 16.38 with 2.079 million shares.
Nestle Pakistan and Bata Pak were the top gainers with Rs 332.13 and Rs 59.69, respectively to close at Rs 6,999.00 and Rs 1,440.00. Philip Morris Pak and Murree Brewery were the top losers with Rs 179.00 and Rs 20.47, respectively to close at Rs 3,401.00 and Rs 743.17.
BR Automobile Assembler Index gained 9.76 points or 0.17 percent to close at 5,825.17 points with total turnover of 1.165 million shares. BR Cement Index lost 28.83 points or 0.95 percent to close at 2,993.42 points with 4.430 million shares.
BR Commercial Banks Index inched up by 20.75 points or 0.26 percent to close at 8,019.40 points with 5.092 million shares.
BR Power Generation and Distribution Index increased by 19.29 points or 0.39 percent to close at 4,970.97 points with 1.305 million shares.
BR Oil and Gas Index inched up by 2.48 points or 0.06 percent to close at 3,974.75 points with 5.063 million shares.
BR Tech. & Comm. Index closed at 786.86 points, up 1.34 points or 0.17 percent with 2.770 million shares.
Maaz Mulla at JS Global Capital said that the KSE-100 Index movements were similar to a seesaw, where the local bourse juggled between green and red, to close at 33,996 levels, up 95 points.
Most cement scripts closed in the red region, where DGKC (down 1.6 percent), MLCF (down 1.8 percent), PIOC (down 0.8 percent) and LUCK (down 0.8 percent) closed lower than their previous day close.
Mixed sentiments were witnessed in the banking space where HBL (up 1.7 percent) and NBP (up 5.0 percent) closed in the green and on the flipside MCB (down 1.3 percent) and MEBL (down 1.1 percent) closed in the red zone.
