BRIndex100 gains 29.62 points

Pakistan Stock Exchange managed on close on positive note on the last day of the week on the back of healthy buying in various sectors. BRIndex100 gained 29.62 points or 0.67 percent to close at 4,427.59 points on Friday. During the session, the BRIndex-100 touched an intraday high of 4,445.38 and an intraday low of 4,397.72 points. Total volumes stood at 177.348 million shares. BRIndex30 however lost 128.1 points or 0.55 percent to close at 23,304.65 points with total turnover of 100.037 million shares.
Pakistan's benchmark KSE-100 index increased by 232.12 points or 0.56 percent and closed at 41,660.75 points. Daily trading volumes decreased to 201.540 million shares as compared to 254.905 million shares traded on Thursday.
The foreign investors remained net sellers of shares worth $10.6 million. Total market capitalization increased by Rs 49 billion to Rs 8.235 trillion. Out of total 371 active scrips, 177 closed in negative and 173 in positive while the value of 21 stocks remained unchanged.
Lotte Chemical was the volume leader with 19.307 million shares and gained Rs 0.14 to close at Rs 19.95 followed by Pak Int. Bulk that inched up by Re 0.06 to close at Rs 12.75 with 13.683 million shares. Colgate Palmolive and Nestle Pakistan were the top gainers increasing by Rs 114.98 and Rs 49.75 respectively to close at Rs 2524.99 and Rs 8999.75 while Shifa Int Hospital and Attock Refinery were the top losers declining by Rs 11.90 and Rs 11.14 respectively to close at Rs 226.12 and Rs 211.75.
BR Commercial Banks Index increased by 44.34 points or 0.51 percent to close at 8,657.48 points with total turnover of 16.963 million shares. BR Cement Index surged by 40.18 points or 0.84 percent to close at 4,832.00 points with 24.271 million shares. BR Oil and Gas Index closed at 5,215.51 points, up 65.6 points or 1.27 percent with 7.513 million shares.
BR Tech & Comm. Index inched up by 2.02 points or 0.17 percent to close at 1,171.46 points with 11.809 million shares. BR Power Generation and Distribution Index gained 39.56 points or 0.64 percent to close at 6,231.56 points with 10.529 million shares.
Ahsan Mehanti at Arif Habib Limited said that stocks closed bullish amid thin trade on investor speculations ahead of PM visit to UAE on likely financial assistance to ease external account crises. He said recovery in global crude prices, government actions on reforms in the power sector, privatization to seek IMF bailout package, surging exports and home remittances data played a catalyst role in bullish close at PSX.