Pakistan Stock Exchange Friday ended on a negative note due to continuous selling by local and foreign investors. BRIndex100 lost 15.66 points or 0.39 percent to close at 3,953.72 points. BRIndex100 touched intraday high of 4,000.14 and intraday low of 3,927.10 points. Volumes stood at 188.229 million shares.
BRIndex30 decreased by 267.84 points or 1.34 percent to close at 19,668.16 points with total daily turnover of 150.834 million shares. The KSE-100 Index declined by 103.70 points or 0.27 percent to close at 37,983.62 points. Trading activity remained low as daily volumes on the ready counter decreased to 202.177 million shares as compared to 249.243 million shares traded Thursday.
The market capitalization declined by Rs 30 billion to Rs 7.094 trillion. Out of total 358 active scrips, 173 closed in positive, 161 in negative while the value of 24 stocks remained unchanged.
Hascol Petroleum was the volume leader with 18.530 million shares. However, it lost Re 0.53 to close at Rs 18.83 followed by Maple Leaf that gained Re 0.66 to close at Rs 24.39 with 17.632 million shares. Bhanero Textile and Indus Motor Company were the top gainers with Rs 45.99 and Rs 41.97, respectively to close at Rs 999.99 and Rs 985.00. Rafhan Maize and Philip Morris Pak were the top losers with Rs 188.09 and Rs 150.85, respectively to close at Rs 6,811.00 and Rs 2,338.00.
BR Automobile Assembler Index gained 54.08 points or 0.97 percent to close at 5,619.16 points with a turnover of 1.563 million shares. BR Cement Index increased by 102.46 points or 2.76 percent to close at 3,813.68 points with 48.390 million shares. BR Commercial Banks Index decreased by 77.92 points or 0.83 percent to close at 9,315.44 points with 26.193 million shares.
BR Power Generation and Distribution Index lost 56.96 points or 1.1 percent to close at 5,113.11 points with 7.178 million shares. BR Oil and Gas Index declined by 85.18 points or 2.11 percent to close at 3,958.79 points with 32.315 million shares. BR Tech. & Comm. Index closed at 915.38 points, down 2.5 points or 0.27 percent with 13.410 million shares.
Ahsan Mehanti at Arif Habib Corporation said that the stocks closed lower amid higher trades on global equity sell-off and concerns over Moody's statement on presence in FATF grey list credit negative for Pakistan banks. Oil stocks battered on falling global crude oil prices. Support was witnessed in textile stocks on surging exports. He said dismal earnings announcement in cement, banks, oil exploration sector and reports over likely delays in privatisation of SOEs played a catalytic role in bearish close.
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