BRIndex30 opened at 21,605.89 points and touched intraday high of 21,669.22 points and intraday low of 21,423.91 points to settle at 21,566.45 points which is 39.44 points or 0.18 percent lower than previous close. Volume at BRIndex30 stood at 137 million. Dewan Cement was the most traded company in BRIndex30 with a volume of 12,523,000.
The benchmark KSE-100 index surged by 100.17 points to 40,471.48 points compared to 40,371.31 Thursday. Daily trading volumes increased to 241 million shares against previous 239.587 million shares. Analysts at Topline said that KSE-100 index ended the year above 40k on a day which saw portfolio rebalancing and hasty exits mostly devoid of news-driven rally. Last day saw active rollovers for January. Sector-wise, Cement and Bank were generally seen on the negative side, whereas Oil & Gas E&P were driven by high crude oil prices and news of discovery in OGDC, although OGDC closed in red, they added.
The Index closed at 40,471 points on Friday showing an upside of 100pts (+0.25 percent DoD). Activity was observed in Oil & Gas E&P, Commercial Banks, Fertilizer and Oil & Gas Marketing Companies. The market capitalization posted an increase of Rs 58 billion to Rs 8.571 trillion. Out of total 365 active scrips, some 173 closed positive, 178 negative while the value of 14 stocks remained unchanged.
P.T.C.L. was the volume leader with 25.36 million shares. It gained Re 0.75 to close at Rs 13.05. Dewan Cement decreased by Re 0.50 to close at Rs 17.29 with 12.52 million shares. K-Electric ranked third with 11.548 million shares at Rs 6.31. Unilever Food and Bata (Pak) were the top gainers with Rs 348.03 and Rs 116.23, respectively to close at Rs 7,315.03 and Rs 2,452.27. Colgate Palmolive and Sanofi-Aventis were the top losers with Rs 90.00 and Rs 36.40, respectively to close at Rs 2,800.00 and Rs 1,243.50.
BR Commercial Banks Index closed at 8,054.73 with a net positive change of 69.34 points or a percentage change of 0.87 and a total turnover of 31,120,900. BR Cement Index closed at 5,099.90 with a net negative change of -33 points or a percentage change of -0.64 and a total turnover of 34,233,600. BR Oil and Gas Index closed at 4,982.80 with a net positive change of 22.03 points or a percentage change of 0.44 and a total turnover of 13,193,690.
BR Tech. & Comm. Index closed at 1,070.31 with a net negative change of -25.15 points or a percentage change of -2.3 and a total turnover of 46,376,500. BR Power Generation and Distribution Index closed at 6,219.59 with a net positive change of 49.33 points or a percentage change of 0.8 and a total turnover of 17,323,900.
Analysts at JS said that with the last trading session of the rollover week and 2017, the local bourse closed 100 points positive, at 40,471 level. PTC (+6.10 percent) witnessed healthy volumes on the back of media reports regarding resolution of land transfer dispute between the government and Etisalat.
Fertilizers sector witnessed decent participation, where EFERT (+1.27 percent) and FFC (+2.32 percent) were the major gainers of the mentioned sector. Refinery sector lost value in trading session on media reports of the government restricting furnace oil imports, where ATRL (-3.0 percent) and NRL (-4.42 percent) declined to close in red.
Copyright Business Recorder, 2017