KARACHI: Pakistan Stock Exchange on Friday remained volatile and after moving both sides closed on negative note due to selling pressure mainly in banking, E&P and cement sectors.
BRIndex100 lost 20.87 points or 0.5 percent to close at 4,163.72 points on Friday. During the session, the BRIndex100 hit an intraday high of 4,220.48 and an intraday low of 4,158.70 points. Total volumes stood at 682.677 million shares.
BRIndex30 decreased by 168.71 points or 0.79 percent to close at 21,319.94 points with total daily turnover of 498.204 million shares.
KSE-100 index declined by 136.43 points or 0.34 percent and closed at 40,029.69 points. Daily trading volumes on ready counter decreased to 728.768 million shares as compared to 826.808 million shares traded on Thursday.
The foreign investors also remained net sellers of shares worth $1.008 million. Total market capitalization declined by Rs 9 billion to Rs 7.423 trillion. Out of 402 active scrips, 197 closed in positive and 188 in negative while the value of 17 stocks remained unchanged.
WorldCall Telecom was the volume leader with 144.414 million shares and gained Rs 0.05 to close at Rs 1.48 followed by Pak Int. Bulk Terminal that increased by Rs 0.80 to close at Rs 12.17 with 52.630 million shares. Bata Pak and Colgate Palmolive were the top gainers increasing by Rs 108.67 and Rs 30.70 respectively to close at Rs 1557.67 and Rs 2350.70 while Unilever Foods and Rafhan Maize were the top losers declining by Rs 575.00 and Rs 250.00 respectively to close at Rs 8655.00 and Rs 8050.00.
BR Automobile Assembler Index increased by 59.96 points or 0.73 percent to close at 8,218.94 points with total turnover of 13.745 million shares.
BR Cement Index lost 39.17 points or 0.7 percent to close at 5,534.16 points with 75.304 million shares.
BR Commercial Banks Index decreased by 57.4 points or 0.7 percent to close at 8,182.65 points with 41.089 million shares.
BR Power Generation and Distribution Index declined by 54.81 points or 1.13 percent to close at 4,794.06 points with 19.322 million shares.
BR Oil and Gas Index fell by 35.23 points or 0.88 percent to close at 3,975.33 points with 28.923 million shares.
BR Tech. & Comm. Index closed at 1,690.22 points, down 9.68 points or 0.57 percent with 210.762 million shares.
An analyst at Arif Habib Limited said that the market traded range bound with an upside of 300 points in the first session and posting a loss of 195 points in the KSE-100 index, closing the session down 177 points.
Selling activity was observed across the board, and mainly contributed by Banks, E&P and Cement sectors.
Technology sector led the volumes with 210.1 million shares, followed by Cement (75.2 million shares) and Engineering (60.5 million shares).
Sectors contributing to the performance include Banks (down 68 points), E&P (down 43 points), Cement (down 30 points), Power (down 30 points) and Fertilizer (down 21 points).
Stocks that contributed positively to the index include MEBL (up 21 points), PIBTL (up 16 points), KTML (up 15 points), IGIHL (up 13 points) and PSMC (up 9 points). Stocks that contributed negatively include UBL (down 40 points), HBL (down 33 points), HUBC (down 26 points), MCB (down 17 points) and POL (down 15 points).
Copyright Business Recorder, 2020
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