Pakistan Stock Exchange Wednesday witnessed a mixed trend as investors remained cautious due to their concerns over coronavirus spread.
BRIndex100 gained 7.66 points or 0.23 percent to close at 3,342.12 points. BRIndex100 touched intraday high of 3,368.32 and intraday low of 3,274.42 points. Volumes stood at 205.947 million shares.
BRIndex30 lost 9.27 points or 0.06 percent to close at 16,591.60 points with a turnover of 159.750 million shares.
The KSE-100 Index inched up by 41.40 points or 0.13 percent and closed at 32,464.23 points. Trading activities remained thin as daily volumes on ready counter decreased to 239.873 million shares as compared to 339.154 million shares traded on Tuesday.
The market capitalization increased by Rs 2 billion to Rs 6.105 trillion. Out of total 336 active scrips, 172 closed in positive and 136 in negative while the value of 28 stocks remained unchanged.
Maple Leaf was the volume leader with 47.720 million shares and increased by Rs 1.20 to close at Rs 27.99 followed by Hascol Petroleum that gained Rs 0.04 to close at Rs 13.89 with 17.377 million shares. Indus Dyeing and Rafhan Maize were the top gainers increasing by Rs 36.75 and Rs 24.43 respectively to close at Rs 526.75 and Rs 6560.00 while Bata Pak and Sapphire Textile were the top losers declining by Rs 101.25 and Rs 49.99 respectively to close at Rs 1448.75 and Rs 750.01.
BR Automobile Assembler Index decreased by 38.49 points or 0.75 percent to close at 5,087.50 points with total turnover of 1.145 million shares.
BR Cement Index increased by 105.25 points or 2.5 percent to close at 4,320.96 points with 95.989 million shares.
BR Commercial Banks Index gained 35.91 points or 0.52 percent to close at 6,929.30 points with 16.891 million shares.
BR Power Generation and Distribution Index declined by 53.54 points or 1.25 percent to close at 4,224.10 points with 12.792 million shares.
BR Oil and Gas Index lost 30.1 points or 0.98 percent to close at 3,025.74 points with 33.304 million shares.
BR Tech. & Comm. Index inched up by 19.52 points or 2.31 percent to close at 863.70 points with 22.089 million shares.
Ahsan Mehanti at Arif Habib Corporation said that the stocks showed recovery led by cement, banking and fertilizer scrips as investor weigh bull run in Asian equities and positive outcome of SBP rate cut for leveraged scrips. Oil scrips battered amid falling global crude oil prices.
He said G20 creditors' deferment of debt payments and receipt of IMF $1.4 billion economic support amid virus outbreak and rupee stability against dollar played a catalytic role in positive close.
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