The PSX extends its gains: the BRIndex100 progresses – Markets
KARACHI: The Pakistan Stock Exchange experienced an uptrend on Tuesday thanks to healthy purchases by local and foreign investors.
BRIndex100 gained 59.38 points or 1.16% to close at 5,180.69 points. The BRIndex100 hit an intraday high of 5,189.18 points and an intraday low of 5,132.07 points. Volumes amounted to 369.547 million shares.
BRIndex30 jumped 565.41 points or 2.21% to close at 26,192.31 points with sales of 222.758 million shares.
The KSE-100 index rose 305.07 points or 0.64% to close at 47,758.32 points. Trading activity also improved, with daily volumes on the ready meter rising to 443.213 million shares, from 252.345 million shares traded on Monday.
Foreign investors also remained net buyers of shares valued at $ 1.285 million. The total market capitalization increased by 48 billion rupees to 8,356 billion rupees. Out of a total of 482 active scripts, 335 closed positive and 120 closed while the value of 27 shares remained unchanged.
WorldCall Telecom was the volume leader with 36.354 million shares and gained Rs 0.15 to close at Rs 3.64, followed by Telecard Limited which rose Rs 1.18 to close at Rs 17.04 with 29.471 million actions. Unilever Foods and Bata Pak were the main winners, increasing by Rs 500.50 and Rs 75.00 respectively to close at Rs 16,900.00 and Rs 1,625.00 while NestlÃ© Pakistan and Pak Tobacco were the main losers, decreasing by Rs 31.46 and Rs 25.94 respectively to close at Rs 5,878.54 and Rs. 1,256.06.
The BR Automobile Assembler index gained 41.23 points or 0.42% to close at 9,862.62 points with total daily volumes of 9.062 million shares.
The BR Cement index rose 96.23 points or 1.34% to close at 7,297.30 points with 24.887 million shares.
The BR index of commercial banks rose 51.65 points or 0.55% to close at 9,366.54 points with 14.794 million shares.
The BR Power Generation and Distribution index lost 2.13 points or 0.04% to close at 5,593.48 points with 9.513 million shares.
The BR Oil and Gas index closed at 3,989.22 points, up 28.41 points or 0.72% with 22.227 million shares.
BR Tech. & Comm. The index jumped 99.56 points or 2.15% to close at 4,728.53 points with 117.674 million shares.
An analyst from Arif Habib Limited said the market continues to advance despite improving volumes traded.
The O & GMC, Banks, Refineries, Technology and Textiles sectors contributed positively to the index while the stocks of the E&P and Steel sectors remained under pressure.
Optimism brewed on the back of the depreciation of the rupee which will have a positive impact on the profits of the textile, technology and E&P sectors; as well as future financial results.
The sectors contributing to performance are Cement (+64 points), Technology (+63 points), Banking (+55 points), O & GMC (+42 points) and Refinery (+26 points).
The stocks that made a positive contribution to the index are TRG (up 51 points), HBL (up 24 points), MEBL (up 21 points), MLCF (up 19 points) and POL (up 19 points). increase of 17 points). Stocks that contributed negatively include ENGRO (down 10 points), OGDC (down 10 points), HMB (down 9 points), PAKT (down 8 points) and HUBC (down 8 points) ).
Copyright Business Recorder, 2021