AGL 5.51 Increased By ▲ 0.11 (2.04%)
ANL 8.49 Decreased By ▼ -0.30 (-3.41%)
AVN 75.73 Decreased By ▼ -0.43 (-0.56%)
BOP 5.21 Increased By ▲ 0.04 (0.77%)
CNERGY 4.42 Decreased By ▼ -0.06 (-1.34%)
EFERT 81.53 Increased By ▲ 0.43 (0.53%)
EPCL 49.54 Increased By ▲ 0.54 (1.1%)
FCCL 12.68 Decreased By ▼ -0.02 (-0.16%)
FFL 5.52 Decreased By ▼ -0.07 (-1.25%)
FLYNG 6.74 Decreased By ▼ -0.24 (-3.44%)
FNEL 4.64 Increased By ▲ 0.01 (0.22%)
GGGL 8.45 Decreased By ▼ -0.14 (-1.63%)
GGL 13.85 Decreased By ▼ -0.21 (-1.49%)
HUMNL 6.03 Increased By ▲ 0.53 (9.64%)
KEL 2.56 Decreased By ▼ -0.04 (-1.54%)
LOTCHEM 27.62 Decreased By ▼ -0.09 (-0.32%)
MLCF 23.75 Increased By ▲ 0.07 (0.3%)
OGDC 71.22 Decreased By ▼ -0.23 (-0.32%)
PAEL 15.16 Decreased By ▼ -0.04 (-0.26%)
PIBTL 4.87 Decreased By ▼ -0.04 (-0.81%)
PRL 15.86 Increased By ▲ 0.06 (0.38%)
SILK 1.09 Increased By ▲ 0.04 (3.81%)
TELE 8.84 Decreased By ▼ -0.15 (-1.67%)
TPL 7.08 Decreased By ▼ -0.08 (-1.12%)
TPLP 19.20 Decreased By ▼ -0.02 (-0.1%)
TREET 20.87 Decreased By ▼ -0.27 (-1.28%)
TRG 136.73 Decreased By ▼ -0.02 (-0.01%)
UNITY 16.54 Decreased By ▼ -0.26 (-1.55%)
WAVES 9.16 Increased By ▲ 0.06 (0.66%)
WTL 1.34 Decreased By ▼ -0.03 (-2.19%)
BR100 4,158 Decreased By -27.7 (-0.66%)
BR30 15,339 Decreased By -127.2 (-0.82%)
KSE100 41,652 Decreased By -167.7 (-0.4%)
KSE30 15,380 Decreased By -68.1 (-0.44%)
Follow us

KARACHI: Pakistan Stock Exchange Friday remained under pressure and closed in deep red due to heavy selling by local and foreign investors following concerns over increasing coronavirus cases and lockdown decision.

BRIndex100 lost 33.33 points or 0.66 percent to close at 5,053.51 points. BRIndex100 hit intraday high of 5,140.18 points and intraday low of 5,040.54 points. Volumes stood at 347.422 million shares.

BRIndex30 declined by 382.71 points or 1.49 percent to close at 25,255.22 points with a turnover of 235.440 million shares.

PSX remains under pressure: BRIndex100 tumbles

The KSE-100 Index plunged by 257.04 points or 0.54 percent to close at 47,055.29 points. Daily trading volumes on ready counter stood at 399.093 million shares as compared to 376.447 million shares traded Thursday.

Foreign investors also remained net sellers of shares worth $970,244. Total market capitalization declined by Rs 26 billion to Rs 8.242 trillion. Out of total 407 active scrips, 252 closed in negative and 139 in positive while the value of 16 stocks remained unchanged.

WorldCall Telecom was the volume leader with 39.177 million shares and gained Rs 0.04 to close at Rs 3.46 followed by Byco Petroleum that lost Rs 0.22 to close at Rs 9.77 with 38.439 million shares. Siemens Pak and Colgate Palmolive were the top gainers increasing by Rs 44.49 and Rs 28.20 respectively to close at Rs 637.82 and Rs 2810.71 while Sapphire Fiber and Wyeth Pak were the top losers declining by Rs 44.99 and Rs 31.88 respectively to close at Rs 855.00 and Rs 1987.50.

BR Automobile Assembler Index declined by 120.49 points or 1.23 percent to close at 9,713.51 points with total turnover of 6.490 million shares.

BR Cement Index lost 45.6 points or 0.63 percent to close at 7,161.42 points with 12.210 million shares.

BR Commercial Banks Index fell by 21.7 points or 0.23 percent to close at 9,252.72 points with 22.509 million shares.

BR Power Generation and Distribution Index decreased by 22.06 points or 0.4 percent to close at 5,542.65 points with 13.135 million shares.

BR Oil and Gas Index closed at 3,938.94 points, down 14.84 points or 0.38 percent with 21.031 million shares.

PSX remains under pressure: BRIndex100 drops 15.51 points

BR Tech. & Comm. Index plunged by 77.35 points or 1.68 percent to close at 4,523.30 points with 119.452 million shares.

Ahsan Mehanti at Arif Habib Corporation said that the stocks closed lower in late session selling on concerns for foreign outflows and provincial decision for lockdowns amid Covid outbreak. Early session support was witnessed amid reports of surge in regional exports by 9 percent in FY21, strong financial results in banking and fertilizer sectors.

He said weak global equities and investor concerns for potential economic impact of Covid outbreak played catalyst role in bearish close.

Copyright Business Recorder, 2021

Comments

Comments are closed.

PSX closes in deep red: BRIndex100 stays bearish

SBP-held foreign exchange reserves fall $784mn, now stand precariously at $6.71bn

IATA says Pakistan has blocked $225mn in airline funds from repatriation

Daily Mail apologises to PM Shehbaz over 'corruption allegations'

Saudi Arabia signs Huawei deal, deepening China ties on Xi visit

Rupee continues to depreciate, settles at 224.37 against US dollar

Roshan Digital Account: monthly inflow lowest since Dec 2020, clocks in at $141mn in Nov

Saif-ur-Rehman appointed Karachi administrator

IHC bars FIA from arresting Suleman Shehbaz upon return from UK

Pakistan seeking $4.2bn from Saudi Arabia: reports

Another audio, purportedly of Bushra Bibi discussing ‘sale of watches’, surfaces