Pakistan Stock Exchange remained under pressure on the first day after long Eid holidays, weighed mainly by selling in various sectors.
BRIndex100 lost 14.6 points or 0.42 percent to close at 3,453.41 points. BRIndex100 hit intraday high of 3,468.01 and intraday low of 3,442.26 points. Volumes stood at 180.633 million shares.
BRIndex30 decreased by 97.91 points or 0.54 percent to close at 18,183.76 points with a turnover of 136.685 million shares.
The KSE-100 Index declined by 141.19 points or 0.42 percent to close at 33,695.42 points. Daily trading volumes increased to 194.742 million shares as compared to 147.213 million shares traded last Thursday.
Foreign investors remained net sellers of shares and withdrew $2.9 million from the equity market. The market capitalization declined by Rs 20 billion to Rs 6.451 trillion. Out of total 335 active scrips, 162 closed in negative, 148 in positive while the value of 25 stocks remained unchanged.
TRG Pak was the volume leader with 24.750 million shares. It increased by Rs 1.93 to close at Rs 27.68 followed by Hascol Petroleum that gained Re 0.23 to close at Rs 14.71 with 24.420 million shares.
Rafhan Maize and Sapphire Textile were the top gainers with Rs 449.00 and Rs 56.92, respectively to close at Rs 7,349.00 and Rs 815.92. Colgate Palmolive and Sanofi-Aventis were the top losers with Rs 50.00 and Rs 27.13, respectively to close at Rs 2,200.00 and Rs 884.87.
BR Automobile Assembler Index lost 19.99 points or 0.35 percent to close at 5,698.67 points with total turnover of 2.641 million shares.
BR Cement Index closed at 4,136.83 points, down 2.7 points or 0.07 percent with 19.499 million shares.
BR Commercial Banks Index decreased by 68.98 points or 1.06 percent to close at 6,456.13 points with 6.380 million shares.
BR Power Generation and Distribution Index fell by 27.1 points or 0.61 percent to close at 4,446.18 points with 7.437 million shares.
BR Oil and Gas Index declined by 30.39 points or 0.83 percent to close at 3,615.13 points with 33.313 million shares.
BR Tech. & Comm. Index gained 53.47 points or 4.62 percent to close at 1,212.00 points with 37.004 million shares.
Maaz Mulla at JS Global Capital said that the profit-booking was witnessed at the local bourse as the KSE-100 Index largely remained in the red trajectory. Such activity can be attributed to first day of futures rollover. The index made an intraday low of negative 238 points.
Tech stocks witnessed investor interest where TRG (up 7.5 percent), AVN (up 7.5 percent) and NETSOL (up 7.5 percent) closed at their respective upper circuit. PPL (down 2.0 percent), OGDC (down 1.8 percent) and POL (down 1.3 percent) from the E&P sector closed in the red zone despite oil prices edged higher in the international market.
Banking sector also closed in the red zone where HBL (down 1.6 percent), UBL (down 2.6 percent), BAFL (down 2.8 percent), BAHL (down 0.9 percent) and MCB (down 0.4 percent) were the major movers of the mentioned sector.
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