BRIndex100 gained 39.31 points or 0.91 percent to close at 4,379.03 points on Friday. BRIndex100 touched intraday high of 4,391.01 and intraday low of 4,339.79 points. Volumes stood at 210.173 million shares.
BRIndex30 increased by 180.96 points or 0.79 percent to close at 23,093.19 points with a turnover of 133.267 million shares.
The KSE-100 index surged by 313.18 points or 0.77 percent to close at 41,112.71 points. Trading activity remained thin as daily trading volumes on the ready counter decreased to 228.920 million shares as compared to 239.527 million shares traded Thursday.
Foreign investors remained net buyers of shares worth $3.5 million. The market capitalization increased by Rs 46 billion to Rs 8.170 trillion. Out of total 353 active scrips, 222 closed in positive,112 in negative while the value of 19 stocks remained unchanged.
Bank of Punjab was the volume leader with 33.383 million shares. It gained Re 0.33 to close at Rs 13.58 followed by Dost Steel that increased by Re 0.54 to close at Rs 6.78 with 17.394 million shares. Pak Suzuki and Murree Brewery were the top gainers with Rs 14.93 and Rs 13.88, respectively to close at Rs 313.59 and Rs 815.40. Nestle Pakistan and Sanofi-Aventis were the top losers with Rs 90.00 and Rs 16.79, respectively to close at Rs 8,510.00 and Rs 857.50.
BR Commercial Banks Index increased by 154.33 points or 1.76 percent to close at 8,917.13 points with total turnover of 44.565 million shares.
BR Cement Index surged by 71.91 points or 1.71 percent to close at 4,267.03 points with 16.328 million shares.
BR Oil and Gas Index gained 14.72 points or 0.29 percent to close at 5,022.93 points with 11.667 million shares.
BR Tech. & Comm. Index closed at 1,070.66 points, up 0.55 points or 0.05 percent with 16.696 million shares.
BR Power Generation and Distribution Index inched up by 29.24 points or 0.46 percent to close at 6,353.21 points with 5.436 million shares.
An analyst at Arif Habib Limited said that the market increased further from Thursday''s closing. Increase in policy rate was largely considered a signal to enter shortly in the IMF program. Also a nominal increase of 25bps assured investors that the impact on earnings will be only marginal in nature and will have less of an impact on corporate earnings.
Engineering Sector (Steel) performed well, resulting in trading close to upper circuit of majority scrips in Steel sector. Contrary to past few sessions, blue chip scrips remained in the lime light and investors took interest in buying HBL and UBL.
Sectors contributing to the performance include Banks (up 199 points), Cement (up 59 points), Engineering (up 25 points), Food (up 15 points), O&GMCs (up 14 points) and Fertilizer (down 17 points).
Stocks that contributed positively include BAHL (up 61 points), UBL (up 40 points), LUCK (up 39 points), HBL (up 22 points) and PPL (up 22 points). Stocks that contributed negatively include DAWH (down 13 points), OGDC (down 7 points), SEARL (down 7 points), FFC (down 6 points) and EPCL (down 6 points).