BRIndex100 inches up


KARACHI: Pakistan Stock Exchange Tuesday remained under heavy selling pressure, however fresh buying in almost all sectors at the fag end supported the market to close on a positive note. BRIndex100 gained 11.76 points or 0.26 percent to close at 4,563.16 points. BRIndex100 hit intraday high of 4,588.44 points and intraday low of 4,460.79 points. Volumes stood at 371.849 million shares.

BRIndex30 closed at 20,657.49 points, down 316.45 points or 1.51 percent with a turnover of 242.377 million shares.

The KSE-100 Index inched up by 53.73 points or 0.12 percent and closed at 43,883.08 points. Daily trading volumes on ready counter however increased to 404.913 million shares as compared to 226.575 million shares traded on Monday.

Foreign investors remained on the buying side with net inflows of $3.895 million. The market capitalization increased by Rs 8 billion to Rs 7.686 trillion. Out of total 535 active scrips, 302 closed in negative and 217 in positive while the value of 16 stocks remained unchanged.

WorldCall Telecom was the volume leader with 51.143 million shares however lost Rs 0.04 to close at Rs 2.21 followed by Telecard Limited that closed at Rs 16.55, down Rs 0.72 with 27.850 million shares. Sapphire Textile and Abbott Lab were the top gainers increasing by Rs 40.00 and Rs 19.96 respectively to close at Rs 1070.00 and Rs 777.96 while Wyeth Pak and Pak Tobacco were the top losers declining by Rs 42.40 and Rs 42.33 respectively to close at Rs 1607.60 and Rs 1149.67.

BR Automobile Assembler Index decreased by 52.62 points or 0.62 percent to close at 8,404.91 points with total turnover of 1.787 million shares.

BR Cement Index increased by 75.38 points or 1.41 percent to close at 5,404.44 points with 26.623 million shares.

BR Commercial Banks Index surged by 193.87 points or 2.08 percent to close at 9,527.13 points with 53.431 million shares.

BR Power Generation and Distribution Index gained 52.18 points or 0.97 percent to close at 5,338.73 points with 19.660 million shares.

BR Oil and Gas Index inched up by 6.99 points or 0.19 percent to close at 3,728.70 points with 12.320 million shares.

BR Tech. & Comm. Index declined by 132.02 points or 2.97 percent to close at 4,319.50 points with 130.321 million shares.

Neelam Naz at JS Global Capital said that the KSE-100 Index witnessed a bloodbath in the first half but eventually managed to close in green. The market recovered by the end of the day due to broad based valued buying across all sectors as shares were trading on deep discounts.

Healthy participation was witnessed in Banks, Cements and Fertilizer sector stocks. Total traded volume stood at 405 million shares with WTL (down 1.8 percent), TELE (down 4.2 percent), TREET (down 7.5 percent), UNITY (down 3.8 percent), and BOP (up 7.1 percent) being the highest contributors.