After three consecutive negative sessions, Pakistan Stock Exchange (PSX) Tuesday recorded some recovery following the IMF staff report that provided some certainty to investors on the macroeconomic front. BRIndex100 gained some 13.21 points or 0.37 percent to close at 3,539.05 points compared to 3,525.84 points Monday. BRIndex100 touched intraday high of 3,567.60 points and intraday low of 3,520.67 points. Volume at BRInde100 stood at 56.782 million shares. Lotte Chemical was the most traded company on BRIndex100 with a volume of 6.239 million shares.
BRIndex30 opened at 17,905.17 points. It touched intraday high of 18,160.18 points and intraday low of 17,838.18 points to close at 17,943.81 points, which was 38.64 points or 0.22 percent higher than previous close. Volume at BRIndex30 stood at 41.538 million. The benchmark KSE-100 index gained 113 points to close at 33,855.58 points Tuesday. Trading volume continues to remain flat; up by mere 1 percent as investors remained reluctant to add fresh equity into the market. Overall, some 60.158 million shares changed hands compared to 59.555 million in the previous session.
The market capitalization increased by Rs 19 billion to reach Rs 6.847 trillion. Out of total 303 active scrips, some 152 closed positive, 130 negative while the value of 21 stocks remained unchanged. Lotte Chemical emerged the volume leader with 6.239 million shares. It closed at Rs 16.67 followed by Maple Leaf Cement closed at Rs 13.18 with 5.6 million shares. K-Electric ranked third with 3.8 million shares at Rs 4.05.
Wyeth Pak Limited and Abbott Lab were the top gainers with Rs 19.99 and Rs9.51, respectively to close at Rs 719.99 and Rs 434.00. Sapphire Fiber and Indus Motor were the top losers with Rs 52.00 and Rs 28.22, respectively to close at Rs 993.00 and Rs 1,209.39. BR Automobile Assembler Index closed at 5,774.21 points with a net negative change of -19.1 points or a percentage change of -0.33 and a total turnover of 752,580.
BR Cement Index closed at 2,950.18 points with a net positive change of 3.44 points or a percentage change of 0.12 and a total turnover of 12,303,600. BR Commercial Banks Index closed at 7,987.47 points with a net negative change of -1.19 points or a percentage change of -0.01 and a total turnover of 4,825,500. BR Power Generation and Distribution Index closed at 4,883.86 points with a net positive change of 3.18 points or a percentage change of 0.07 and a total turnover of 6,029,000.
BR Oil and Gas Index closed at 3,925.11 points with a net positive change of 43.13 points or a percentage change of 1.11 and a total turnover of 3,918,940. BR Tech. & Comm. Index closed at 764.17 points with a net positive change of 4.82 points or a percentage change of 0.63 and a total turnover of 6,509,000.
Analysts at JS said that after 3 days of negative closing, the market today decided to play in the green region as it opened upwards making a high of +308 points before retracing its steps with a low of -86 points. At the end of the day, the KSE-100 Index managed to close positive, up by 113 points. Volume leaders were LOTCHEM (0%), MLCF (-0.4%), KEL (+1.0%), DGKC (-1.9%). Mixed sentiment was seen in the cement sector and it swung from red to green throughout the day MLCF (-0.4%), LUCK (+0.8%), DGKC (-1.9%), PIOC (-0.4%). PPL (+0.9%), OGDC (+1.2%) and POL (+1.1%) from the E&P sector gained to close higher from the previous day close on back of increase in crude oil prices in the international market.
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