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Pakistan Stock Exchange Tuesday ended on a positive note on the back of fresh buying in various sectors.

BRIndex100 gained 22.34 points or 0.52 percent to close at 4,321.73 points. BRIndex100 touched intraday high of 4,326.00 and intraday low of 4,288.24 points. Volumes stood at 143.176 million shares.

BRIndex30 increased by 104.49 points or 0.46 percent to close at 22,687.15 points with a turnover of 105.582 million shares.

The KSE-100 index surged by 204.30 points or 0.51 percent to close at 40,624.39 points. Trading activity also improved as daily volumes increased to 154.732 million shares as compared to 126.006 million shares traded Monday.

Foreign investors remained net buyers of shares worth $1.5 million. The market capitalization increased by 36 billion to Rs 8.110 trillion. Out of total 347 active scrips, 177 closed in positive, 147 in negative while the value of 23 stocks remained unchanged.

Dewan Cement was the volume leader with 10.556 million shares. It gained Re 1.00 to close at Rs 13.87 followed by P.I.A.C. (A) that inched up by Re 0.07 to close at Rs 7.34 with 10.134 million shares. Attock Petroleum and Millat Tractors were the top gainers with Rs 21.50 and Rs 15.50, respectively to close at Rs 451.63 and Rs 852.52. J.D.W. Sugar and Wah-Noble were the top losers with Rs 15.25 and Rs 12.50, respectively to close at Rs 289.75 and Rs 320.00.

BR Commercial Banks Index gained 16.83 points or 0.19 percent to close at 8,756.95 points with total turnover of 9.590 million shares.

BR Cement Index inched up by 12.83 points or 0.31 percent to close at 4,175.95 points with 21.649 million shares.

BR Oil and Gas Index increased by 73.44 points or 1.49 percent to close at 5,001.08 points with 8.855 million shares.

BR Tech. & Comm. Index lost 1.4 points or 0.13 percent to close at 1,038.33 points with 10.141 million shares.

BR Power Generation and Distribution Index closed at 6,320.23 points, up 12.45 points or 0.2 percent with 8.967 million shares.

Ahsan Mehanti at Arif Habib Corporation said stocks closed bullish led by oil, banking and auto scrips on strong earnings outlook amid tax concessions in the 'mini budget'. He said foreign inflows, improving external account pressures, upbeat data on corporate profit repatriation for July-December 2018, IBP approval on $4.5 billion for oil based lending and recovery in global equities played a catalytic role in bullish close.

Copyright Business Recorder, 2019


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