The PSX closes in the green zone – Markets

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KARACHI: The Pakistan Stock Exchange (PSX) closed in the green zone on Thursday on stability of the rupee and improving financial results.

The benchmark KSE-100 gained 187 points to close at 47,219 points on Thursday, down from 47,032 points a day earlier. Equity trading activity improved as overall some 561 million shares were traded against 380.55 million.

The BRIndex100 rose 42.42 points or 0.86% to 4,951.89 points on Thursday from 4,909.47 points on Wednesday. It hit an intraday high of 4,954.71 points and an intraday low of 4,899.59 points. The total volume on BRIndex100 was 482.799 million shares, and Worldcall was the most traded company with a volume of 81.042 million.

BRIndex30 opened at 21,803.71 points. It hit an intraday high of 22,295.59 and an intraday low of 21,720.73 and at the end of the session it closed at 22,268.93, which is 465.22 points or 2.13% higher than the previous closing. The total volume at BRIndex30 was 328.776 million.

Market capitalization increased by 45 billion rupees to 8,091 billion rupees. Out of a total of 379 active scripts, 235 closed positive and 125 closed while the value of 19 shares remained unchanged.

Among the major scripts, WorldCall Telecom was the volume leader with 81 million shares and closed at Rs 2.66, followed by Byco Petroleum which closed at Rs 7.98 with 30.35 million shares. Telecard Limited ranked third with 26.59 million shares and its share price closed at Rs18.20.

Rafhan Maize and Nestlé Pakistan were the top winners and increased by Rs 250.00 and Rs 140.96, respectively, to close at Rs 9,750.00 and Rs 5,995.98, respectively. Unilever Foods and Colgate Palm were the main losers dropping Rs 500.00 and Rs 100.09, respectively to close at Rs 20,000.00 and Rs 2,649.90.

The BR Automobile Assembler index rose 11 points or 0.12% to close at 8,847.35 points with total revenue of 4.223 million.

The BR Cement Index closed at 6,366.17 points with a negative net change of 98.76 points or a percentage change of 1.53 and total revenue was 28.129 million shares.

The BR index of commercial banks rose 3.84 points to 10,188.48 points with total turnover of 21.019 million shares. The BR Power Generation and Distribution index closed at 5,526.88 points with a negative net change of -0.92 point or a percentage change of -0.02 and total revenue of 7,977,364.

The BR Oil and Gas index closed at 3,914.33 points with a positive net change of 28.81 points or a percentage change of 0.74 and total revenue of 15.966 million. BR Tech & Comm. The index closed at 4,680.28 points with a positive net change of 127.8 points or a percentage change of 2.81 with total revenue of 158.456 million.

According to the Topline market review, Pakistani stocks closed positively as the benchmark KSE100 came in at the 47,219 level (up 0.40%).

Poor activity was seen in the first half of the year as investors were unhappy with the Rs 120 billion relief plan announced by the Prime Minister, which fell short of expectations.

Later, in the second half of the KSE-100 index, the market improved, achieving an intraday of 210 points where the major positivity came from the tech sector, with TRG and SYS cumulatively contributing 80 points of the l ‘KSE100 index.

JS analysts said that with the continued rise of the pak rupee against the US dollar, the KSE100 index continued to cheer in the green zone. The technology sector was in the spotlight with TRG, NETSOL, WTL and TELE keeping investor interest intact.

WTL (9.0%), BYCO (4.3%), TELE (5.7%), FNEL (10.2%) and ANL (7.5%) were the main contributors to the volume.

Copyright Business Recorder, 2021


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