BRIndex100 extends gains
RECORDER REPORT
KARACHI: A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors Thursday.
BRIndex100 gained 44.47 points or 1.05 percent to close at 4,281.26 points. BRIndex100 touched intraday high of 4,304.62 points and intraday low of 4,263.41 points. Volumes stood at 428.023 million shares.
BRIndex30 increased by 358.79 points or 1.65 percent to close at 22,106.99 points with a turnover of 289.551 million shares.
The KSE-100 Index surged by 370.58 points or 0.92 percent to close at 40,641.10 points. Trading activity also improved as daily volumes on the ready counter increased to 507.900 million shares as compared to 393.150 million shares traded Wednesday.
The market capitalization increased by Rs 90 billion to Rs 7.755 trillion. Out of total 404 active scrips, 226 closed in positive, 159 in negative while the value of 19 stocks remained unchanged.
Unity Foods was the volume leader with 35.241 million shares. It gained Re 0.08 to close at Rs 13.14 followed by Fauji Cement that increased by Re 0.82 to close at Rs 17.07 with 34.081 million shares. Nestle Pakistan and Colgate Palmolive were the top gainers with Rs 150.00 and Rs 94.50, respectively to close at Rs 6,900.00 and Rs 1,984.50. Island Textile and Bata Pak were the top losers with Rs 70.60 and Rs 23.00, respectively to close at Rs 1,341.40 and Rs 2,126.49.
BR Automobile Assembler Index gained 44.93 points or 0.69 percent to close at 6,566.93 points with total turnover of 6.041 million shares.
BR Cement Index increased by 82.64 points or 2.23 percent to close at 3,780.36 points with 99.583 million shares.
BR Commercial Banks Index surged by 92.82 points or 0.97 percent to close at 9,645.09 points with 51.498 million shares.
BR Power Generation and Distribution Index added 20.39 points or 0.36 percent to close at 5,624.82 points with 36.680 million shares.
BR Oil and Gas Index closed at 4,474.59 points, up 78.95 points or 1.8 percent with 34.383 million shares.
BR Tech. & Comm. Index inched up by 3.85 points or 0.39 percent to close at 1,002.90 points with 29.896 million shares.
Danish Ladhani at JS Global Capital said that the Pakistan equities closed on a positive note with the KSE-100 Index gaining 370 points, closing at 40,641 levels, up 0.9 percent. Once again valued buying was witnessed at the local bourse.
E&Ps, Financials and Cements were the major gainers where PPL (up 3.0 percent), POL (up 2.2 percent), HBL (up 1.7 percent), UBL (up 0.3 percent), LUCK (up 1.8 percent) and DGKC (up 4.0 percent) contributed towards the positive close.
Moreover, activity was seen in Banks as Moody’s changed five Pakistani banks’ outlook to stable from negative. Furthermore, as per news flows, cement dispatches for the month of November 2019 rose by plus 11 percent to 4.35 million tons.
