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PSX update today 3th April-Stock shows gains


Komal FatimaWeb Editor

03rd Apr, 2020. 10:30 am
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PSX daily update 14th April 2020

Pakistan Stock Exchange Thursday witnessed another bullish session and healthy volumes on the back of aggressive buying, mainly by local investors in all sectors.

According to the sources, BRIndex100 gained 153.84 points or 5.13 percent to close at 3,151.99 points. BRIndex100 touched intraday high of 3,157.53 and intraday low of 2,985.51 points. Volumes stood at 289.417 million shares.

BRIndex30 increased by 907.85 points or 6.25 percent to close at 15,444.89 points with a turnover of 214.702 million shares.

The KSE-100 Index surged by 1,277.10 points or 4.33 percent and closed well above 30,000 psychological level at 30,782.67 points. Trading activity also improved significantly as daily volumes on the ready counter increased to 311.585 million shares as compared to 193.711 million shares traded Wednesday.

Foreign investors however remained net sellers of equities worth $11.262 million. Total market capitalization increased by Rs 207 billion to Rs 5.875 trillion. Out of total 366 active scrips, 312 closed in positive and only 47 in negative while the value of 7 stocks remained unchanged.

Hascol Petroleum was the volume leader with 29.537 million shares and increased by Rs 1.00 to close at Rs 12.78 followed by K-Electric that inched up by Rs 0.19 to close at Rs 2.99 with 20.586 million shares. Mari Petroleum and Wyeth Pak were the top gainers increasing by Rs 71.29 and Rs 55.33 respectively to close at Rs 1021.95 and Rs 794.93 while Rafhan Maize and Colgate Palmolive were the top losers declining by Rs 87.00 and Rs 72.86 respectively to close at Rs 6900.00 and Rs 2017.14.

BR Automobile Assembler Index gained 94.56 points or 2.07 percent to close at 4,664.61 points with total turnover of 2.655 million shares.

BR Cement Index surged by 241.95 points or 7.55 percent to close at 3,446.52 points with 64.088 million shares.

BR Commercial Banks Index inched up by 291.64 points or 4.35 percent to close at 6,993.41 points with 33.519 million shares.

BR Power Generation and Distribution Index increased by 200.02 points or 5.0 percent to close at 4,203.09 points with 26.792 million shares.

BR Oil and Gas Index closed at 2,933.22 points, up 204.94 points or 7.51 percent with 57.086 million shares.

BR Tech. & Comm. Index gained 43.78 points or 6.19 percent to close at 750.88 points with 24.312 million shares.

Maaz Mulla at JS Global Capital said that the bullish run can be attributed to optimistic investors that came in to accumulate positions at attractive levels. Major movers of the day were OGDC (up 7.5 percent), PPL (up 7.5 percent), LUCK (up 7.5 percent), HUBC (up 4.8 percent), POL (up 7.4 percent), HBL (up 4.1 percent), MCB (up 4.1 percent) and ENGRO (up 3.1 percent) which dragged the index to close in the green zone.

Cement sector enjoyed the bull-run most where LUCK (up 7.5 percent), DGKC (up 7.5 percent), MLCF (up 7.5 percent), PIOC (up 7.5 percent), CHCC (up 7.5 percent) and FCCL (up 7.5 percent) all closed at their respective upper locks.

Steel and E&P didn’t fall behind the upward trend where ASTL (up 7.5 percent), ISL (up 7.5 percent), PPL (up 7.5 percent), OGDC (up 7.5 percent) and POL (up 7.4 percent) all closed at their upper locks.

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