Home »Stocks and Bonds » Pakistan » BRIndex100 extends gains
Pakistan Stock Exchange Tuesday witnessed a bullish trend on the second consecutive day on the back of healthy buying in various sectors. BRIndex100 gained 27.29 points or 0.65 to close at 4,202.53 points. BRIndex100 touched intraday high of 4,211.80 and intraday low of 4,166.48 points. Volumes stood at 115.416 million shares.

BRIndex30 however lost 31.5 points or 0.14 percent to close at 22,079.56 points with a turnover of 82.885 million shares.

The KSE-100 index increased by 201.63 points or 0.51 percent to close at 39,614.18 points. Trading activity also improved as daily volumes on the ready counter increased to 122.244 million shares as compared to 115.326 million shares traded Monday.

Foreign investors remained net sellers of shares worth $0.9 million. The market capitalization increased by 16 billion to Rs 7.949 trillion. Out of total 345 active scrips, 203 closed in negative, 118 in positive while the value of 24 stocks remained unchanged.

Pak Elektron was the volume leader with 15.347 million shares. It gained Re 0.33 to close at Rs 28.74 followed by Bank of Punjab that inched up by Re 0.10 to close at Rs 12.90 with 11.532 million shares. Wyeth Pak and Service Ind. Limited were the top gainers with Rs 32.28 and Rs 24.50, respectively to close at Rs 1,059.01 and Rs 839.50. Nestle Pakistan and Sapphire Textile were the top losers with Rs 200.00 and Rs 52.37, respectively to close at Rs 8,100.00 and Rs 1,247.85.

BR Commercial Banks Index lost 13.21 points or 0.16 percent to close at 8,413.09 points with total turnover of 16.431 million shares.

BR Cement Index gained 30.17 points or 0.71 percent to close at 4,210.21 points with 7.614 million shares.

BR Oil and Gas Index increased by 80.59 points or 1.66 percent to close at 4,939.18 points with 16.219 million shares.

BR Tech. & Comm. Index closed at 1,003.99 points, down 1.86 points or 0.18 percent with 10.268 million shares.

BR Power Generation and Distribution Index declined by 30.01 points or 0.48 percent to close at 6,216.03 points with 8.714 million shares.

Danish Ladhani at JS Global Capital said that the Pakistan equities closed positive with KSE-100 Index gaining 202 points, closing at 39,614 levels which was 0.5 percent higher than previous close.

The KSE-100 Index remained lackluster throughout the session due to lack of investors' as they wait for upcoming 'Mini Budget' scheduled to be presented in the National Assembly on 23rd January.

Energy sector led the gains where PPL (up 4.9 percent) and OGDC (up 2.9 percent) closed in the positive zone on the back of the news of fresh oil well drilling. Moreover, ENGRO (up 2.6 percent) and FFC (up 1.5 percent) from the Fertilizer space, played a positive role towards the close on anticipation of the sector to benefit from the resolution of Gas Infrastructure DevelopĀ­ment Cess (GIDC) in the upcoming Mini Budget.

Copyright Business Recorder, 2019


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