Pakistan Stock Exchange Monday witnessed a mixed trend, however managed to close on a positive note due to fresh buying at the fag end.
BRIndex100 inched up by 8.4 points or 0.18 percent to close at 4,550.48 points. BRIndex100 touched intraday high of 4,579.05 and intraday low of 4,528.03 points. Volumes stood at 335.686 million shares.
BRIndex30 gained 56.57 points or 0.23 percent to close at 24,212.67 points with a turnover of 211.249 million shares.
The KSE-100 Index increased by 11.62 points or 0.03 percent to close at 43,218.67 points. Trading activity also remained low as daily volumes on the ready counter decreased to 366.135 million shares as compared to 400.084 million shares traded last Friday.
Foreign investors remained net buyers of shares worth $1.3 million. The market capitalization declined by Rs 9 billion to stand at Rs 8.093 trillion. Out of total 364 active scrips, 195 closed in positive, 157 in negative while the value of 12 stocks remained unchanged.
Bank of Punjab was the volume leader with 34.974 million shares. However, the scrip lost Re 0.05 to close at Rs 13.28 followed by Summit Bank that gained Re 0.61 to close at Rs 2.08 with 34.936 million shares.
Nestle Pakistan and Askari Bank were the top gainers with Rs 74.00 and Rs 38.41, respectively to close at Rs 8,075.00 and Rs 806.74. Pak Tobacco and Sapphire Fiber were the top losers with Rs 116.00 and Rs 42.70, respectively to close at Rs 2,204.01 and Rs 811.30.
BR Automobile Assembler Index increased by 38.29 points or 0.63 percent to close at 6,121.78 points with total turnover of 6.212 million shares.
BR Cement Index lost 8.31 points or 0.21 percent to close at 3,917.36 points with 46.186 million shares.
BR Commercial Banks Index surged by 59.76 points or 0.59 percent to close at 10,207.51 points with 123.620 million shares.
BR Power Generation and Distribution Index declined by 40.92 points or 0.69 percent to close at 5,902.48 points with 10.898 million shares.
BR Oil and Gas Index inched up by 17.42 points or 0.34 percent to close at 5,127.73 points with 24.573 million shares.
BR Tech. & Comm. Index closed at 1,066.37 points, up 23.06 points or 2.21 percent with 41.137 million shares.
Maaz Mulla at JS Global Capital said that the PSX Index blew hot and cold on Monday, unsure which color it wanted to wear (red or green), making an intra-day high of plus 246 points and stooping to a low of minus 169 points, before closing at 43,219 levels, up 12 points.
Major movers of the day were PPL (up 1.8 percent), HBL (up 1.1 percent), BAFL (up 2.9 percent), UBL (down 1.8 percent), HUBC (down 1.3 percent) and ENGRO (down 0.9 percent).
Moreover OGDC (down 0.7 percent) and POL (down 0.2 percent) from the E&P sector edged lower as crude oil prices inched lower in the international market. Mixed sentiment were witnessed in the cement sector where LUCK (down 0.8 percent), CHCC (down 0.8 percent) and FCCL (down 0.3 percent) closed in the red zone and on the flipside MLCF (up 1.1 percent), PIOC (up 3.9 percent) and DCL (up 12.0 percent) closed in the green trajectory.
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