KARACHI: Pakistan Stock Exchange on Friday closed on positive note on the back of fresh buying mainly by local investors in cement and E&P sectors. BRIndex100 gained 24.19 points or 0.69 percent to close at 3,529.19 points. During the session, the BRIndex-100 touched an intraday high of 3,531.75 and an intraday low of 3,501.17 points. Total volumes stood at 72.005 million shares.
BRIndex30 increased by 85.31 points or 0.47 percent to close at 18,316.68 points with total turnover of 42.240 million shares.
KSE-100 index surged by 231.03 points or 0.68 percent and closed at 34,350.42 points. Trading activities however remained extremely low as daily volumes on ready counter decreased to 89.134 million shares as compared to 143.642 million shares traded on Thursday.
The foreign investors remained net sellers of shares worth $1.429 million. Total market capitalization increased by Rs 38 billion to Rs 6.532 trillion. Out of total 319 active scrips, 191 closed in positive and 103 in negative while the value of 25 stocks remained unchanged.
Maple Leaf was the volume leader with 6.651 million shares and gained Re 0.64 to close at Rs 25.93 followed by Jahangir Siddiqui Co that closed at Rs 12.76, down Re 0.08 with 5.206 million shares. Sanofi-Aventis and Abbott Lab were the top gainers increasing by Rs 30.00 and Rs 24.66 respectively to close at Rs 858.00 and Rs 559.91 while Sunrays Textile and Shield Corp were the top losers declining by Rs 22.49 and Rs 19.03 respectively to close at Rs 280.50 and Rs 234.97.
BR Automobile Assembler Index lost 22.7 points or 0.4 percent to close at 5,689.76 with total turnover of 1.566 million shares.
BR Cement Index increased by 76.28 points or 1.87 percent to close at 4,153.15 points with 16.108 million shares.
BR Commercial Banks Index closed at 6,842.53 points, down 8.57 points or 0.13 percent with 3.985 million shares.
BR Power Generation and Distribution Index inched up by 6.29 points or 0.14 percent to close at 4,465.60 points with 4.087 million shares.
BR Oil and Gas Index gained 27.19 points or 0.74 percent to close at 3,695.31 points with 7.671 million shares.
BR Tech & Comm Index surged by 28.95 points or 2.41 percent to close at 1,231.94 points with 10.869 million shares. Ahsan Mehanti at Arif Habib Corporation said the stocks closed higher in the pre-budget rally at PSX as investor weigh proposed Rs 630 billion PSDP outlay in the federal budget FY21 likely to boost cement, steel and auto sectors.
He said falling treasury yields, FM affirmations over no new taxes in the federal budget FY21, surging global crude oil prices and the government commitments over easing lockdown played a catalyst role in bullish close at PSX.
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