Pakistan Stock Exchange Tuesday ended on a negative note due to selling in various sectors. BRIndex100 decreased by 31.97 points or 1.02 percent to close at 3,094.45 points. BRIndex-100 touched intraday high of 3,151.61 and intraday low of 3,086.63 points. Volumes stood at 58.960 million shares. BRIndex30 lost 100.46 points or 0.63 percent to close at 15,915.10 points with a turnover of 43.872 million shares.
The KSE-100 index declined by 247.61 points or 0.82 percent to close at 29,809.68 points. Trading activity remained low as daily volumes on the ready counter decreased to 64.038 million shares as compared to 77.447 million shares traded Monday. Foreign investors however remained net buyers of shares worth $1.2 million. The market capitalization declined by Rs 46 billion to Rs 6.092 trillion. Out of total 338 active scrips, 230 closed in negative, only 89 in positive while the value of 19 stocks remained unchanged.
Maple Leaf was the volumes leader with 6.189 million shares. However, it lost Re 0.47 to close at Rs 17.20 followed by WorldCall Telecom that closed at Re 0.80, down Re 0.02 with 4.554 million shares. Murree Brewery and J.D.W. Sugar were the top gainers with Rs 22.50 and Rs 10.03, respectively to close at Rs 764.00 and Rs 290.03. Colgate Palmolive and Wyeth Pak were the top losers with Rs 86.99 and Rs 20.00, respectively to close at Rs 1,663.01 and Rs 580.00.
BR Automobile Assembler Index decreased by 76.25 points or 1.61 percent to close at 4,672.12 points with total turnover of 639,430 shares. BR Cement Index fell by 69.54 points or 2.58 percent to close at 2,630.97 points with 11.168 million shares.
BR Commercial Banks Index lost 60.19 points or 0.83 percent to close at 7,225.31 points with 3.846 million shares. BR Power Generation and Distribution Index declined by 67.05 points or 1.62 percent to close at 4,061.61 points with 3.309 million shares. BR Oil and Gas Index closed at 3,156.49 points, down 11.93 points or 0.38 percent with 8.402 million shares.
BR Tech. & Comm. Index plunged by 14.65 points or 2.31 percent to close at 618.46 points with 9.158 million shares. Maaz Mulla at JS Global Capital said that the local bourse remained volatile as KSE-100 Index traded between an intraday high of plus 190 points and intraday low of minus 318 points to close at 29,810 level, down 248 points. Most of the selling pressure was witnessed during the second half of the day, which resulted in a negative outcome overall.
E&P sector heavyweights experienced a price drop where PPL (down 1.5 percent) and OGDC (down 0.6 percent) closed lower; however POL (up 0.5 percent) from the same sector closed in the green region. Moreover, selling pressure was witnessed in the cement sector where LUCK (down 3.1 percent), DGKC (down 3.8 percent), FCCL (down 2.8 percent), PIOC (down 2.5 percent) and MLCF (down 2.7 percent) came under the hammering belt to close in the red zone.
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