KARACHI: The stock market gained 272 points on Monday in mixed trading activities during the day, analysts said.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,293 points as against 42,023 points showing an increase of 272 points.
Analysts at Arif Habib Limited said that the market opened on a positive note and added a total of 377 points during the session.
OMCs, Refinery, Chemical, Cement, Steel and Pharma sectors performed well, whereas E&P went down on the back of declining international crude oil prices.
On the other hand, Fertilizer sector performed again due to expectation of deferral of GIDC collection by the Government.
Cement sector realized total volume of 120.1 million shares, followed by Banks (74.8 million) and Technology (65.7 million). Among scrips, POWER topped the volumes with 72.4 million shares, followed by PIBTL (57.3 million) and HASCOL (45.9 million).
Sectors contributing to the performance include Cement (+58 points), Fertilizer (55 points), Technology (+36 points), OMCs (+29 points) and Power (+22 points).
Volumes declined from 758.2 million shares as against 748.7 million shares (-1 percent DoD). Average traded value also declined by 4 percent to reach US$ 142.8 million as against US$ 149.2 million.
Stocks that contributed significantly to the volumes include POWER, PIBTL, HASCOL, JSBL and FFL, which formed 32 percent of total volumes.
Stocks that contributed positively to the index include LUCK (+41 points), SYS (+33 points), FFC (+28 points), HUBC (+23 points) and HASCOL (+22 points). Stocks that contributed negatively include POL (-21 points), HBL (-13 points), PPL (-10 points), OGDC (-8 points) and MARI (-8 points).
