BRIndex100 flat

Pakistan Stock Exchange Monday remained under pressure due to selling in various sectors. BRIndex100 lost 0.6 points or 0.01 percent to close at 4,107.31 points. BRIndex100 touched intraday high of 4,131.32 and intraday low of 4,102.90 points. Volumes stood at 61.996 million shares.
BRIndex30 closed at 21,214.28 points, up 57.89 points or 0.27 percent with a turnover of 44.357 million shares. The KSE-100 index declined by 26.12 points to close at 38,924.11 points. Trading activity remained extremely low as daily volumes on the ready counter decreased to 67.742 million shares as compared to 73.984 million shares traded Friday.
Foreign investors remained net sellers of shares worth $7.3 million. The market capitalization declined by Rs 4 billion to Rs 7.982 trillion. Out of total 339 active scrips, 167 closed in negative, 148 in positive while the value of 24 stocks remained unchanged.
Bank of Punjab was the volume leader with 16.285 million shares. It gained Re 0.23 to close at Rs 14.09 followed by K-Electric that inched up by Re 0.03 to close at Rs 6.04 with 4.109 million shares.
Philip Morris Pak and Sanofi-Aventis were the top gainers with Rs 136.38 and Rs 34.28, respectively to close at Rs 3,265.27 and Rs 888.37. Wyeth Pak and Jubilee Life Ins were the top losers with Rs 58.01 and Rs 20.00, respectively to close at Rs 1,142.66 and Rs 420.00.
BR Commercial Banks Index increased by 30 points or 0.36 percent to close at 8,461.17 points with total turnover of 21.093 million shares.
BR Cement Index gained 11.31 points or 0.28 percent to close at 4,121.79 points with 7.617 million shares.
BR Oil and Gas Index decreased by 18.99 points or 0.4 percent to close at 4,735.79 points with 4.980 million shares.
BR Tech. & Comm. Index lost 3.27 points or 0.34 percent to close at 952.82 points with 4.340 million shares.
BR Power Generation and Distribution Index closed at 5,864.39 points, down 0.28 points with 5.767 million shares.
Maaz Mulla at JS Global Capital said that Pakistan equities closed negative with the KSE-100 index losing 26 points, closing at 38,924 levels, down 0.07 percent.
During the day, the market made a low of negative 74 points and reached a high of plus 196 points. KSE-100 Index remained lackluster throughout the session with persistently low volumes traded due to lack of investors' confidence amid limited triggers.
Very limited participation was witnessed in cement and banking stocks where CHCC (up 0.3 percent), DGKC (up 0.4 percent), MLCF (up 1.1 percent), LUCK (up 0.2 percent), MEBL (up 2.0 percent), UBL (up 1.3 percent) and BAFL (up 0.3 percent) closed higher than their previous day close. OGDC (down 0.8 percent), PPL (down 0.3 percent) and POL (down 0.4 percent) from the E&P sector closed in the red zone on back of decrease in crude oil prices in the international market.