Pakistan Stock Exchange Monday ended on a positive note on the back of select buying in various sectors. BRIndex100 gained 24.3 points or 0.62 percent to close at 3,945.47 points. BRIndex100 touched intraday high of 3,971.41 and intraday low of 3,915.71 points. Volumes stood at 156.429 million shares.
BRIndex30 increased by 86.01 points or 0.43 percent to close at 20,094.73 points with a turnover of 118.945 million shares.
The KSE-100 index surged by 166.21 points or 0.45 percent to close at 37,504.08 points. Trading activity however remained low as daily volumes on the ready counter decreased to 172.006 million shares as compared to 189.356 million shares traded last Friday.
Foreign investors remained net sellers of shares worth $4.3 million. The market capitalization hit Rs 7.661 trillion. Out of total 342 active scrips, 194 closed in positive, 130 in negative while the value of 18 stocks remained unchanged.
Pak Elektron was the volume leader with 18.187 million shares. It gained Rs 1.09 to close at Rs 22.98 followed by K-Electric that lost Re 0.13 to close at Rs 5.10 with 13.986 million shares.
Nestle Pakistan and Bata Pak were the top gainers with Rs 280.00 and Rs 53.73, respectively to close at Rs 8,060.00 and Rs 1,656.37. Philip Morris Pak and Sapphire Textile were the top losers with Rs 126.67 and Rs 41.29, respectively to close at Rs 3,673.33 and Rs 1,203.71.
BR Commercial Banks Index increased by 32.38 points or 0.39 percent to close at 8,254.21 points with a turnover of 24.696 million shares.
BR Cement Index gained 26.67 points or 0.77 percent to close at 3,506.38 points with 36.811 million shares.
BR Oil and Gas Index inched up by 13.36 points or 0.29 percent to close at 4,594.03 points with 10.113 million shares.
BR Tech. & Comm. Index closed at 900.48 points, up 8.66 points or 0.97 percent with 13.636 million shares.
BR Power Generation and Distribution Index lost 32.76 points or 0.62 percent to close at 5,244.48 points with 15.329 million shares.
Danish Ladhani, an analyst at JS Global Capital said that the KSE-100 Index closed at 37,504 levels, up 166 points after making a high and a low of plus 361 and minus 57 points, respectively. The market inched up on the back of reports that the government is planning to inject in stock market support. Moreover, Pakistan is undergoing a high level meeting with the IMF regarding a bailout package.
From the Cement sector, LUCK (up 0.2 percent) and DGKC (up 1.4 percent) closed positive and FCCL (up 4.0 percent) closed near limit up. Mixed sentiment was seen in the Fertilizer sector where FFBL (down 0.4 percent) and FFC (down 0.1 percent) closed negative whereas EFERT (up 0.5 percent), ENGRO (up 0.5 percent) and FATIMA (up 2.2 percent) closed in the green zone. Financials saw similar sentiments where HBL (up 1.7 percent) and MCB (up 0.7 percent) closed in the green but ABL (down 0.4 percent) closed in the red. HBL (up 1.7 percent), MCB (up 0.7 percent), DAWH (up 1.2 percent), HUBC (up 0.6 percent) and OGDC (up 0.4 percent) were top scrip to cumulatively contribute plus 71 points to the positive closing.
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