Pakistan Stock Exchange Friday ended on positive note on the back of fresh buying in various sectors with extremely low volumes. BRIndex100 gained 5.91 points or 0.13 percent to close at 4,583.81 points. BRIndex100 touched intraday high of 4,591.85 and intraday low of 4,567.98 points. Volumes stood at 39.577 million shares.
BRIndex30 inched up by 52.69 points or 0.23 percent to close at 22,826.01 points with a turnover of 24.899 million shares. The benchmark KSE-100 index increased by 66.17 points to close at 42,912.81 points. Trading activity remained extremely low as daily volumes on the ready counter declined to 59.227 million shares as compared to 142.623 million shares traded Thursday.
Foreign investors emerged net buyers of shares worth $0.1 million. The market capitalization decreased by Rs 6 billion to Rs 8.907 trillion. Out of total 307 active scrips, 147 close in negative, 142 in positive while the value of 18 stocks remained unchanged.
Dolman City was the volume leader with 12.352 million shares. However, it lost Re 0.13 to close at Rs 13.15 followed by Pak Elektron that declined by Re 0.39 to close at Rs 38.11 with 4.393 million shares. Colgate Palmolive and Unilever Foods were the top gainers with Rs 150.00 and Rs 149.15, respectively to close at Rs 3,150.00 and Rs 8,000.00. Philip Morris Pak and Sapphire Textile were the top losers with Rs 155.36 and Rs 73.66, respectively to close at Rs 2,974.10 and Rs 1,399.71.
BR Commercial Banks Index gained 40.26 points or 0.47 points to close at 8,677.05 points with total turnover of 7.484 million shares. BR Cement Index decreased by 12.28 points or 0.24 percent to close at 5,079.16 points with 3.337 million shares. BR Oil and Gas Index closed at 5,391.35 points, down 3.9 points or 0.07 percent with 1.516 million shares.
BR Tech. & Comm. Index gained 4.78 points or 0.42 percent to close at 1,146.19 points with 4.439 million shares. BR Power Generation and Distribution Index increased by 38.16 points or 0.61 percent to close at 6,293.03 points with 2.088 million shares. Ahsan Mehanti at Arif Habib Corporation said stocks closed higher led by select banking, cement and fertilizer scrips on strong valuations. Oil stocks battered after US crude tumbled and local POL prices remained intact for a week. Concerns for rupee volatility invited mid-session pressure. He said extension of PM exports package and reports of surging local fertilizer and cement prices played a catalytic role in positive close.
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