KARACHI: Pakistan Stock Exchange Tuesday witnessed a rangebound activity and after moving both ways, closed on slight positive note on the back of fresh buying in some sectors. The benchmark KSE-100 Index hit 45,803.05 points intraday high and 45,502.93 points intraday low level to close at 45,731.70 points. Trading activity also improved as daily volumes on ready counter increased to 274.577 million shares as compared to 187.808 million shares traded on Monday while total daily traded value on ready counter increased to Rs 6.756 billion against previous day’s Rs5.945 billion.
BRIndex100 inched up by 8.05 points or 0.17 percent to close at 4,663.87 points with total daily turnover of 254.562 million shares.
BRIndex30 increased by 351.99 points or 1.99 percent to close at 18,042.05 points with total daily trading volumes of 206.085 million shares.
Foreign investors remained net sellers of shares worth $743,516. Total market capitalization increased by Rs 15 billion to Rs 7.817 trillion. Out of total 336 active scrips, 200 closed in positive and 118 in negative while the value of 18 stocks remained unchanged.
WorldCall Telecom was the volume leader with 91.896 million shares however lost Rs 0.09 to close at Rs 1.96 followed by K-Electric that gained Rs 0.11 to close at Rs 3.53 with 22.714 million shares. Telecard Limited closed at Rs 16.86, up Rs 0.54 to close at Rs 16.86 with 10.111 million shares.
Bata Pak and Premium Textile were the top gainers increasing by Rs 64.17 and Rs 30.78 respectively to close at Rs 2172.50 and Rs 729.99 while Allawasaya Textile and Gatron Industries were the top losers declining by Rs 161.30 and Rs 34.50 respectively to close at Rs 1989.43 and Rs 461.50.
An analyst at Topline Securities said that the Pakistan equities closed on a slight positive note as benchmark KSE-100 Index settled at 45,731 level, up 0.19 percent.
After a sideways opening, the market witnessed a rangebound activity where the market made an intraday high of plus 159 points and a low of minus 141 points. Investor confidence remained on check over geopolitical conditions and higher commodity prices.
BR Automobile Assembler Index increased by 110.62 points or 1.24 percent to close at 9,013.68 points with total turnover of 1.199 million shares.
BR Cement Index gained 25.25 points or 0.45 percent to close at 5,659.73 points with 6.824 million shares.
BR Commercial Banks Index lost 5.48 points or 0.05 percent to close at 10,252.75 points with 20.595 million shares.
BR Power Generation and Distribution Index declined by 92.95 points or 1.51 percent to close at 6,073.91 points with 29.803 million shares.
BR Oil and Gas Index fell by 6.75 points or 0.17 percent to close at 3,970.72 points with 6.933 million shares.
BR Tech. & Comm. Index closed at 3,686.07 points, up 44.08 points or 1.21 percent with 128.615 million shares.
An analyst at Arif Habib Limited said that the market witnessed a rangebound activity due to mounting international oil prices. The KSE-100 Index opened on positive note at the start of trading session and managed to close positive with 87 points. In IPPs, HUBC remained under pressure due to disappointing financial result. In Banking sector, AKBL made the journey to lower circuit due to no payout in the financial result. Main board activity remained dull.
Sectors contributing to the performance include Fertilizer (up 31.3 points), Technology (up 31.1 points), Automobile (up 18.6 points), Cement (up 14.4 points) and Inv. Banks (up 10.8 points).
Copyright Business Recorder, 2022
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