KARACHI: Pakistan Stock Exchange Friday witnessed a mixed trend however closed on a positive note on the back of buying in some stocks at the fag end.
BRIndex100 gained 15.95 points or 0.38 percent to close at 4,164.52 points. BRIndex-100 hit intraday high of 4,170.61 and intraday low of 4,112.31 points. Volumes stood at 200.709 million shares.
BRIndex30 increased by 183.86 points or 0.88 percent to close at 21,163.49 points with a turnover of 152.222 million shares.
The KSE-100 Index closed the week at 40,164.02 points, up 95.52 points or 0.24 percent. Trading activity remained very thin as daily volumes on the ready counter decreased to 254.204 million shares as compared to 324.790 million shares traded on Thursday.
Foreign investors remained net sellers of shares worth $2.239 million. Out of total 391 active scrips, 225 closed in positive and 143 in negative while the value of 23 stocks remained unchanged.
Unity Foods was the volume leader with 45.064 million shares and increased by Rs 1.01 to close at Rs 17.72 followed by Kohinoor Spinning that gained Rs 0.96 to close at Rs 3.67 with 20.740 million shares. Indus Dyeing and Bata Pak were the top gainers increasing by Rs 40.31 and Rs 35.00 respectively to close at Rs 577.80 and Rs 1650.00 while Nestle Pakistan and Sapphire Textile were the top losers declining by Rs 175.00 and Rs 44.74 respectively to close at Rs 6425.00 and Rs 740.01.
BR Automobile Assembler Index lost 8.79 points or 0.12 percent to close at 7,478.29 points with total turnover of 2.824 million shares.
BR Cement Index fell by 3.84 points or 0.07 percent to close at 5,683.64 points with 24.530 million shares.
BR Commercial Banks Index increased by 113.4 points or 1.38 percent to close at 8,350.65 points with 14.712 million shares.
BR Power Generation and Distribution Index decreased by 8.58 points or 0.18 percent to close at 4,717.64 points with 8.932 million shares. BR Oil and Gas Index declined by 13.59 points or 0.35 percent to close at 3,822.92 points with 20.301 million shares.
BR Tech. & Comm. Index closed at 1,685.85 points, down 7.49 points or 0.44 percent with 15.541 million shares. Danish Ladhani at JS Global Capital said that the KSE-100 Index gained 96 points after making a high and a low of plus 152 and minus 326 points to close at 40,164 levels up 0.24 percent. The market remained volatile with low volumes.
Profit-taking was seen at the bourse with little participation on the back of the political situation as the opposition's newly formed Pakistan Democratic Movement (PDM) is all set to stage its first rally in Gujranwala's Jinnah's Stadium on Friday in an effort to oust Prime Minister Imran Khan's government. Moreover, the stock market could remain under the duress ahead of FATF decision due on the 22nd/23rd of this month.
Financials, and Fertilizers were the major gainers where major scrip HBL (up 4.5 percent), MEBL (up 4.1 percent), NBP (up 1.9 percent), EFERT (up 0.3 percent), DGKC (up 1.9 percent) and NML (up 1.4 percent) contributed positive points to the index. HBL (up 4.5 percent) announced its nine month of CY20 result, where it posted third quarter CY20 consolidated PAT of Rs 10 billion (EPS: Rs 6.85), up 104 percent on year-on-year basis. Furthermore, FCEPL (down 7.5 percent) reported its nine month CY20 EPS of Rs 0.42/share against LPS of Rs 1.05/share in the same period last year with no cash dividend.
Copyright Business Recorder, 2020