BRIndex100 tumbles

Pakistan Stock Exchange Monday ended on a negative note on the last day of the CY18 as selling continued in various sectors. BRIndex100 lost 21.0 points or 0.55 percent to close at 3,830.48 points. BRIndex-100 touched intraday high of 3,866.43 and intraday low of 3,807.25 points. Volumes stood at 203.009 million shares. BRIndex30 decreased by 131.55 points or 0.64 percent to close at 20,337.13 points with a turnover of 119.030 million shares.
The KSE-100 index declined by 100.35 points or 0.27 percent to close at 37,066.67 points. Daily trading volumes increased to 226.060 million shares as compared to 174.440 million shares traded Friday.
The market capitalization increased by Rs 11 billion to Rs 7.692 trillion. Out of total 341 active scrips, 165 closed in negative, 153 in positive while the value of 23 stocks remained unchanged.
Silk Bank was the volume leader with 23.095 million shares. It gained Re 0.12 to close at Rs 1.25 followed by K-Electric that inched up by Re 0.02 to close at Rs 5.94 with 18.591 million shares.
Philip Morris Pak and Indus Motor Co were the top gainers with Rs 148.90 and Rs 38.43, respectively to close at Rs 3,408.80 and Rs 1,219.68. Millat Tractors and Wyeth Pak were the top losers with Rs 40.60 and Rs 30.00, respectively to close at Rs 831.99 and Rs 960.00.
BR Commercial Banks Index gained 2.72 points or 0.03 percent to close at 7,972.40 points with total turnover of 80.972 million shares.
BR Cement Index declined by 90.01 points or 2.21 percent to close at 3,986.68 points with 28.556 million shares.
BR Oil and Gas Index inched up by 12.97 points or 0.29 percent to close at 4,416.04 points with 22.460 million shares.
BR Tech. & Comm. Index lost 13.81 points or 1.43 percent to close at 949.85 points with 14.350 million shares.
BR Power Generation and Distribution Index closed at 5,966.01 points, up 20.94 points or 0.35 percent with 26.387 million shares.
An analyst at JS Global Capital said that fittingly, the index closed 2018 on a negative note, making an intraday high of plus 39 points and low of negative 365 closing at 37,067, down 100 points.
Cement sector continued its downward trajectory for third consecutive day. Commercial banks witnessed heavy volumes in trading session where BAFL (down 4.1 percent), UBL (down 4.4 percent) and HBL (down 0.2 percent) closed in the red zone where MCB (up 2.2 percent) and BAHL (up 0.7 percent) closed in the green zone.
E&P sector closed higher than its previous day close on back of increase in crude oil prices in international market where POL (up 2.3 percent), OGDC (up 0.2 percent) and PPL (up 1.3 percent) were the major movers of the mentioned sector.