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KARACHI: Pakistan Stock Exchange Tuesday witnessed a mixed trend and after moving both ways finally closed on a positive note due to buying in certain sectors at the fag end.

BRIndex100 gained 10.39 points or 0.22 percent to close at 4,761.37 points. BRIndex100 hit intraday high of 4,801.07 and intraday low of 4,717.26 points. Volumes stood at 316.187 million shares.

BRIndex30 inched up by 91.69 points or 0.37 percent to close at 25,077.59 points with total daily turnover of 234.602 million shares.

The KSE-100 Index increased by 59.23 points or 0.13 percent to close at 44,491.03 points. Trading activity remained low as daily volume on the ready counter decreased to 339.110 million shares as compared to 523.877 million shares traded Monday.

The foreign investors remained net buyers of shares worth $167,525. The market capitalization increased by Rs 20 billion to Rs 7.865 trillion. Out of total 388 active scrips, 250 closed in positive and 122 in negative while the value of 16 stocks remained unchanged.

Byco Petroleum was the volume leader with 46.118 million shares and closed on previous day’s closing level of Rs 10.63 without any change followed by TRG Pak that gained Rs 0.57 to close at Rs 155.01 with 35.794 million shares. Rafhan Maize and Gatron Industries were the top gainers increasing by Rs 98.99 and Rs 37.50 respectively to close at Rs 9499.00 and Rs 537.51 while Unilever Foods and Sapphire Textile were the top losers declining by Rs 444.00 and Rs 63.00 respectively to close at Rs 13,556.00 and Rs 837.00.

BR Automobile Assembler Index surged by 194.45 points or 2.24 percent to close at 8,873.69 points with total turnover of 3.286 million shares.

BR Cement Index gained 35.27 points or 0.51 percent to close at 6,930.78 points with 11.340 million shares.

BR Commercial Banks Index inched up by 58.58 points or 0.69 percent to close at 8,580.12 points with 16.751 million shares.

BR Power Generation and Distribution Index decreased by 69.33 points or 1.23 percent to close at 5,551.02 points with 17.665 million shares.

BR Oil and Gas Index lost 23.7 points or 0.59 percent to close at 3,975.80 points with 16.385 million shares.

BR Tech. & Comm. Index closed at 3,788.98 points, up 4.29 points or 0.11 percent with 83.201 million shares.

An analyst at Arif Habib Limited said that the market reacted passively to the partial changes made by the government in finance and petroleum ministries with KSE-100 Index oscillating between minus 232 points and plus 377 points, closing the session up 59 points.

Last half an hour of closing saw brisk buying and rapid recovery although the session saw dull activity for good part of the session. News reports indicated further changes in the federal cabinet in offing, which will be announced later any time and finalized by Thursday. This kept Investors perturbed about the changes made in key ministries and impact thereof on policy measures taken in the past several months.

UNITY rebounded well to trade near upper circuit by the end of session, whereas tech and refinery stocks also garnered support.

Sectors contributing to the performance include Banks (up 58 points), Autos (up 32 points), Cement (up 20 points), Chemical (up 14 points), E&P (down 39 points), Power (down 36 points) and Tobacco (down 18 points).

Stocks that contributed positively to the index include MCB (up 57 points), FFC (up 21 points), INDU (up 11 points), FFBL (up 11 points) and PAEL (up 10 points). Stocks that contributed negatively include ENGRO (down 39 points), HUBC (down 32 points), MARI (down 28 points), PAKT (down 16 points) and UBL (down 16 points).

Copyright Business Recorder, 2021

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