PSX turns green: BRIndex100 inches up

23 Jun, 2020

KARACHI: Pakistan Stock Exchange on Monday witnessed mixed trend and after moving both sides finally closed on positive note due to healthy buying mainly by local investors.

BRIndex100 gained 29.38 points or 0.86 percent to close at 3,457.42 points. During the session, the BRIndex-100 hit an intraday high of 3,460.16 and an intraday low of 3,382.91 points. Total volumes stood at 122.241 million shares.

BRIndex30 increased by 158.9 points or 0.92 percent to close at 17,474.14 points with total daily turnover of 76.948 million shares.

KSE-100 Index surged by 298.97 points or 0.89 percent and closed at 33,737.92 points. Trading activities also improved as daily volumes on ready counter increased to 161.290 million shares as compared to 105.898 million shares traded on previous session.

The foreign investors remained net sellers of equities worth $2.407 million. Total market capitalization increased by Rs 47 billion to Rs 6.420 trillion. Out of total 357 active scrips, 190 closed in negative and 146 in positive while the value of 21 stocks remained unchanged.

Unity Foods was the volume leader with 11.539 million shares however lost Re 0.19 to close at Rs 11.34 followed by Maple Leaf that closed at Rs 24.51, down Re 0.19 with 8.188 million shares. Pak Tobacco and Sapphire Fiber were the top gainers increasing by Rs 57.00 and Rs 48.37 respectively to close at Rs 1590.00 and Rs 693.38 while Sapphire Textile and Nestle Pakistan were the top losers declining by Rs 54.01 and Rs 51.74 respectively to close at Rs 681.00 and Rs 6448.26.

BR Automobile Assembler Index surged by 127.61 points or 2.34 percent to close at 5,580.27 points with total turnover of 3.174 million shares.

BR Cement Index inched up by 3.08 points or 0.08 percent to close at 4,027.08 points with 18.136 million shares.

BR Commercial Banks Index gained 29.64 points or 0.44 percent to close at 6,789.35 points with 13.031 million shares.

BR Power Generation and Distribution Index increased by 51.48 points or 1.24 percent to close at 4,209.44 points with 5.146 million shares.

BR Oil and Gas Index closed at 3,576.23 points, up 34.65 points or 0.98 percent with 16.358 million shares.

BR Tech. & Comm. Index lost 2.51 points or 0.19 percent to close at 1,333.25 points with 20.161 million shares.

Danish Ladhani at JS Global Capital said that the KSE-100 index closed in the positive zone after making a high and low of plus 356 points and minus 367 points respectively to finally close at 33,738 levels, up 0.9 percent.

PPL (up 0.1 percent), OGDC (up 2.1 percent) and POL (up 2.0 percent) in the E&Ps closed in the positive zone as the international oil prices were up as investor sentiment was boosted by signs of tighter supplies. Moreover in the Fertilizers, ENGRO (up 2.9 percent) and FFC (up 2.7 percent) closed in the positive trajectory.

Furthermore, ENGRO (up 2.9 percent), FFC (up 2.7 percent), HBL (up 0.03 percent), OGDC (up 2.1 percent), HUBC (up 1.8 percent), PPL (up 0.1 percent), LUCK (up 0.6 percent), UBL (up 1.5 percent) and POL (up 2.0 percent) were the index shakers.

Read Comments