Pakistan Stock Exchange ended on negative note on the last day of the week due to selling in various sectors.
BRIndex100 lost 21.61 points or 0.61 percent to close at 3,525.43 points on Friday. During the session, the BRIndex-100 touched an intraday high of 3,564.17 and an intraday low of 3,518.15 points. Total volumes stood at 50.599 million shares.
BRIndex30 decreased by 87.8 points or 0.49 percent to close at 17,982.08 points with total turnover of 34.485 million shares.
KSE-100 index declined by 202.91 points or 0.60 percent and closed at 33,672.49 points. Daily trading volumes improved to 55.509 million shares as compared to 39.486 million shares traded on Thursday.
The foreign investors remained net buyers of shares worth $0.7 million. Total market capitalization declined by Rs 34 billion to Rs 6.805 trillion. Out of total 304 active scrips, 218 closed in negative and only 62 in positive while the value of 24 stocks remained unchanged.
K-Electric was the volume leader with 6.894 million shares however lost Rs 0.09 to close at Rs 4.00 followed by Maple Leaf that declined by Rs 1.14 to close at Rs 22.12 with 4.523 million shares. Gatron Ind and Pak Hotels were the top gainers increasing by Rs 9.00 and Rs 7.13 respectively to close at Rs 314.00 and Rs 171.14 while Sapphire Textile and Murree Brewery were the top losers declining by Rs 65.00 and Rs 25.00 respectively to close at Rs 1275.00 and Rs 735.00.
BR Automobile Assembler Index declined by 108.98 points or 1.92 percent to close at 5,563.27 points with total turnover of 860,110 shares.
BR Cement Index decreased by 51.59 points or 1.74 percent to close at 2,917.47 points with 9.644 million shares.
BR Commercial Banks Index lost 1.28 points or 0.02 percent to close at 8,022.59 points with 7.698 million shares.
BR Power Generation and Distribution Index plunged by 54.58 points or 1.12 percent to close at 4,809.25 points with 7.767 million shares.
BR Oil and Gas Index closed at 3,909.53 points, down 27.12 points or 0.69 percent with 3.383 million shares.
BR Tech & Comm Index lost 17.74 points or 2.34 percent to close at 740.43 points with 2.960 million shares.
Ahsan Mehanti at Arif Habib Corporation said the stocks closed lower amid pressure in selected scrips across the board on economic uncertainty. Surge in local fertilizer prices and renewed hopes over positive outcome of PM visit to US invited mid-session support. He said uncertainty over SBP policy rate announcement next week, dismal data on auto sales sliding by 4.2 percent in FY19 and concerns over unstable rupee parity played a catalyst role in bearish close.
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