Trading activity also improved as daily trading volumes on the ready counter increased to 308.119 million shares as compared to 287.866 million shares traded Thursday. The market capitalization increased by Rs 75 billion to Rs 9.852 trillion. Out of total 390 active scrips, 217 closed in positive, 152 in negative while the value of 21 stocks remained unchanged. Engro Polymer was the volume leader with 37.524 million shares. It gained Rs 0.57 to close at Rs 30.93 followed by TRG Pak that inched up by Rs 0.51 to close at Rs 55.91 with 17.286 million shares. K-Electric lost Rs 0.02 to close at Rs 8.01 with 14.607 million shares.
Unilever Foods and Sapphire Textile were the top gainers with Rs 299.00 and Rs 89.00, respectively to close at Rs 6,699.00 and Rs 1,886.00. Rafhan Maize and Bata Pak were the top losers with Rs 149.98 and Rs 100.00, respectively to close at Rs 7,150.00 and Rs 4,000.00.
Arhum Ghous at JS Global Capital said the local bourse remained largely in the ''green zone'' during the last trading day of the week as KSE-100 index gained to make an intraday high of 815 points, closing up 567 points at 49,851 levels. Major index movers were UBL (up 4.61 percent), LUCK (up 3.87 percent), HBL (up 2.18 percent), MCB (up 4.05 percent) and ENGRO (up 2.57 percent) as they cumulatively contributed 408 points to the index. E&P sector showed downward trajectory as the sector lost value to close 0.6 percent lower than its previous day close. Decline in E&P sector can be attributed to crude oil prices as they declined to trade at its six months low (WTI $45.39/bbl level). POL (down 1.22 percent) and PPL (down 1.99 percent) were the major laggards of the aforementioned sector. Major contribution to the index came from banking sector as it gained to close (2.38 percent) higher. HBL, UBL and MCB were major index movers from the aforementioned sector.
Copyright Business Recorder, 2017