BRIndex100 consolidates gains
RECORDER REPORT
KARACHI: Pakistan Stock Exchange Friday ended on a strong positive note with healthy gains on the back of buying by local investors and institutions.
BRIndex100 gained 33.53 points or 0.86 percent to close at 3,946.76 points. BRIndex100 touched intraday high of 3,947.45 and intraday low of 3,911.83 points. Volumes stood at 305.720 million shares.
BRIndex30 increased by 203.12 points or 0.99 percent to close at 20,619.79 points with a turnover of 174.707 million shares.
The KSE-100 Index surged by 340.69 points or 0.91 percent to close at 37,583.89 points. Trading activity further improved as daily volumes on the ready counter increased to 369.038 million shares as compared to 336.365 million shares traded Thursday.
The market capitalization increased by Rs 66 billion to Rs 7.214 trillion. Out of total 400 active scrips, 296 closed in positive, only 94 in negative while the value of 10 stocks remained unchanged.
Bank of Punjab was the volume leader with 36.247 million shares. It gained Re 0.49 to close at Rs 10.87 followed by Maple Leaf (R) that inched up by Re 0.72 to close at Rs 7.98 with 24.996 million shares. Colgate Palmolive and Philip Morris Pak were the top gainers with Rs 91.25 and Rs 59.40, respectively to close at Rs 1,916.26 and Rs 2,250.00. Island Textile and Bata Pak were the top losers with Rs 74.00 and Rs 52.20, respectively to close at Rs 1,420.00 and Rs 1,831.70.
BR Automobile Assembler Index surged by 193.06 points or 3.39 percent to close at 5,882.55 points with total turnover of 5.138 million shares.
BR Cement Index gained 31.33 points or 0.93 percent to close at 3,414.15 points with 57.983 million shares.
BR Commercial Banks Index increased by 78.29 points or 0.91 percent to close at 8,697.13 points with 53.952 million shares.
BR Power Generation and Distribution Index inched up by 8.9 points or 0.17 percent to close at 5,110.57 points with 15.249 million shares.
BR Oil and Gas Index closed at 4,345.38 points, up 16.57 points or 0.38 percent with 21.560 million shares.
BR Tech. & Comm. Index gained 33.05 points or 3.9 percent to close at 880.91 points with 28.976 million shares.
Ahsan Mehanti at Arif Habib Corporation said that a bullish close was witnessed at PSX as investor weigh upbeat data on trade deficit falling by 34 percent to $7.77 billion and record T-bill foreign investment of $713 million during July-October 2019.
He said easing political uncertainty, surging exports data and foreign inflows played a catalytic role in bullish close.
