BRIndex100 moves up

Pakistan Stock Exchange Monday saw a rising trend on the back of buying in various sectors. BRIndex100 gained 26.28 points or 0.56 percent to close at 4,683.34 points. BRIndex100 touched intraday high of 4,690.96 and intraday low of 4,650.26 points. Volumes stood at 97.684 million shares. BRIndex30 inched up by 68.12 points or 0.28 percent to 24,083.75 points with a turnover of 56.756 million shares.
The benchmark KSE-100 index increased by 176.39 points to 43,539.60 points. Trading activity however remained low as daily volumes on the ready counter decreased to 115.968 million shares as compared to 193.397 million shares traded Friday. The market capitalization declined by Rs 1.0 billion to Rs 9.063 trillion. Out of total 369 active scrips, 188 closed in positive, 166 in negative while the value of 15 stocks remained unchanged.
Lotte Chemical was the volume leader with 20.105 million shares. It gained Re 0.34 to close at Rs 10.35 followed by Nimir Resins that lost Re 0.03 to close at Rs 11.11 with 9.494 million shares. Rafhan Maize and Ghandhara Industries were the top gainers with Rs 100.00 and Rs 40.21, respectively to close at Rs 7,800.00 and Rs 844.48. Philip Morris Pak and Pak Tobacco were the top losers with Rs 157.50 and Rs 105.25, respectively to close at Rs 2,992.50 and Rs 1,999.75.
BR Commercial Banks Index gained 8.74 points or 0.1 percent to close at 8,735.25 points with total turnover of 10.420 million shares. BR Cement Index inched up by 7.75 points or 0.13 percent to close at 5,820.24 points with 5.829 million shares. BR Oil and Gas Index increased by 45.98 points or 0.88 percent to close at 5,243.68 points with 4.867 million shares. BR Tech. & Comm. Index closed at 1,219.51 points, up 8.73 points or 0.72 percent with 7.308 million shares.
BR Power Generation and Distribution Index closed at 6,407.32 points with a net positive change of 5.88 points or 0.09 percent with 3.726 million shares. Maaz Mulla at JS Global Capital said that the PSX witnessed a lackluster session, where the benchmark KSE-100 index made an intraday high of plus 257 points and an intraday low of minus 51 points to close at 43,539, 176 points.
Most of the dull activity can be attributed to political uncertainty and lack of positive triggers. The major contribution to the index came from OGDC (up 2.31 percent), MCB (up 2.13 percent) and ENGRO (up 1.89 percent) contributing plus 123 points to the index. On the flipside, major laggards of the index were HBL (down 1.36 percent), PPL (down 1.06 percent) and BAFL (down 0.16 percent) contributing minus 65 points to the index.