LAHORE - The Pakistan Stock Exchange closed positive on budget day, with the benchmark KSE-100 index settling at 45,543 points, up by 82 points.

Market kicked off on a positive note making an intra-day high of +211 points. Market traded range-bound throughout the day as investors remained cautious as the government was unveiling its sixth consecutive budget in the National Assembly. Moreover, Pakistan's foreign exchange reserves fell to $17.130b during the week ended April 20 from $17.545 billion a week ago. The major heavyweights namely HBL (+0.27 percent), OGDC (+0.78 percent), UBL (+1.44pc) , ENGRO (+0.55pc), MCB (-0.32pc), HUBC (+0.37pc) and FFC (+4.27pc) cumulatively contributed +121 points to the index. Traded volumes increased by 32pc DoD to 225m shares while value traded rose to $85m. Top volume stocks were BYCO (+3.66pc), FATIMA (+3.30pc), MFL (-4.12pc), LOTCHEM (+2.39pc). Major banks closed in the green where HBL, UBL and MCB were the major performers. HBL (+0.27pc) announced 1Q2018 EPS of Rs3.12 with a cash payout of Rs1/share, NBP (+2.67pc) announced consolidated EPS of Rs2.38 for 1Q2018 with no cash payout. In the E&Ps, OGDC (+0.78 percent) announced its 9MFY18 EPS of Rs13.21 with DPS of Rs2.75.

Cement sector remained under pressure throughout the day where LUCK (-1.84 percent) and DGKC (-1.42 percent) closed in the red. DGKC announced 9MFY18 EPS of Rs10.82 with no payout. Moving forward, experts expect overall activity to remain range-bound in the coming sessions.