The benchmark KSE 100 of Pakistan Stock Exchange slightly moved up 62 points or (0.16%) closed at 39, 306 on Friday.
Market opened on a positive note and the volume improved in the first session that crossed 70M. The Index oscillated between -152pts and +147pts during the day.
Significant volumes were seen in KEL with a total volume of 55.9M shares (36% of the total traded volume), on the expectation of deal conclusion with Shanghai Electric.
Selling pressure was mainly observed in E&P, Banking, Cement and O&GMCs sector.
Analysts at Arif Habib Limited said that the market largely performed on the expected changes in the upcoming mini-budget that is likely to offer good news for some sectors.
The Index closed at 39,306pts as against 39,244pts showing an increase of 63pts (+0.2% DoD).
Sectors contributing to the performance include Fertilizer (+45pts), Power (+29pts), Chemical (+11pts), Insurance (+5pts), Banks (-20pts), and Cement (-19pts).
Volumes increased from 104.5mn shares to 154.8mn shares (+48% DoD). Average traded value however, declined by 5% to reach US$ 36.8mn as against US$ 38.7mn.
Stocks that contributed significantly to the volumes include KEL, TRG, UNITY, PAEL and SSGC, which formed 55% of total volumes.
Stocks that contributed positively include FFC (+29pts), KEL (+18pts), EPCL (+11pts), FFBL (+11pts), and HUBC (+10pts).
Stocks that contributed negatively include HBL (-20pts), UBL (-11pts), NESTLE (-9pts), PPL (-9pts) and LUCK (-8pts).