KARACHI: Pakistan Stock Exchange Tuesday hit by selling pressure and closed on a negative note as investors opted to book profits on available margins.
BRIndex100 closed at 4,726.84 points, down 1.26 points or 0.03 percent. BRIndex100 hit intraday high of 4,755.99 and intraday low of 4,704.08 points. Volumes stood at 547.126 million shares.
BRIndex30 decreased by 64.64 points or 0.27 percent to close at 24,013.56 points with total daily turnover of 401.903 million shares.
The KSE-100 Index lost 36.03 points or 0.08 percent and closed at 44,650.43 points. Daily trading volumes however increased to 582.367 million shares as compared to 540.830 million shares traded on Monday.
Foreign investors also remained net sellers of shares worth $463,553. Total market capitalization declined by Rs 4 billion to Rs 8.148 trillion. Out of total 409 active scrips, 221 closed in positive and 179 in negative while the value of 9 stocks remained unchanged.
Hum Network was the volume leader with 68.807 million shares and gained Rs 0.24 to close at Rs 6.02 followed by Pak Refinery that increased by Rs 1.70 to close at Rs 24.40 with 58.179 million shares. Colgate Palmolive and Gillette Pak were the top gainers increasing by Rs 44.00 and Rs 27.30 respectively to close at Rs 3024.00 and Rs 417.86 while Indus Dyeing and Gatron Industries were the top losers declining by Rs 31.99 and Rs 30.00 respectively to close at Rs 500.01 and Rs 590.00.
BR Automobile Assembler Index increased by 78.82 points or 0.93 percent to close at 8,587.10 points with total turnover of 6.460 million shares.
BR Cement Index gained 28.37 points or 0.46 percent to close at 6,221.01 points with 21.935 million shares.
BR Commercial Banks Index inched up by 26.86 points or 0.3 percent to close at 9,088.99 points with 55.531 million shares.
BR Power Generation and Distribution Index lost 52.42 points or 0.92 percent to close at 5,616.43 points with 65.087 million shares.
BR Oil and Gas Index declined by 80.12 points or 1.85 percent to close at 4,251.09 points with 34.791 million shares.
BR Tech. & Comm. Index surged by 63.18 points or 2.45 percent to close at 2,637.33 points with 136.431 million shares.
Maaz Mulla at JS Global Capital said that the PSX observed a volatile session as it moved between the low minus 228 and high plus 144 points but closed at down 36 points with 44,650 level.
Total volume traded for the day was recorded of 582 million shares where top contributors were HUMNL (up 4.2 percent), PRL (up 7.5 percent), TRG (up 4.8 percent), PAEL (up 2.5 percent) and KAPCO (up 7.5 percent).
Refinery sector enjoyed the upward trend for the day as ATRL (up 2.1 percent), NRL (up 2.4 percent) and PRL (up 7.5 percent) closed in positive region, where PRL ended at upper cap.
Moreover, power sector continued its rally as PKGP (up 7.5 percent), NPL (up 7.5 percent), NCPL (up 7.5 percent), LPL (up 7.5 percent), and KAPCO (up 7.5 percent) skyrocketed and closed at their upper caps.
From the technology sector, activity was witnessed in TRG (up 4.8 percent) and AVN (up 5.2 percent) closing in the green trajectory.
Copyright Business Recorder, 2021
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