KARACHI: Pakistan Stock Exchange Monday witnessed a mixed trend, however closed on a negative note due to selling by local and foreign investors.
BRIndex100 lost 11.88 points or 0.23 percent to close at 5,077.43 points. BRIndex100 hit intraday high of 5,106.55 points and intraday low of 5,072.83 points. Volumes stood at 326.485 million shares.
BRIndex30 declined by 160.66 points or 0.64 percent to close at 24,911.62 points with a turnover of 158.824 million shares.
The KSE-100 Index decreased by 38.95 points or 0.08 percent to close at 46,918.52 points. Trading activity remained low as daily volumes on the ready counter decreased to 417.852 million shares as compared to 464.978 million shares traded last Friday.
Foreign investors also remained on selling sides and withdrew $3.410 million from local capital market. The market capitalization however increased by Rs 5 billion to Rs 8.245 trillion. Out of total 382 active scrips, 203 closed in negative and 164 in positive while the value of 15 stocks remained unchanged.
TPL Corp was the volume leader with 59.671 million shares and increased by Rs 1.32 to close at Rs 24.60 followed by Service Fab (R ) that lost Rs 0.66 to close at Rs 4.21 with 35.742 million shares. Rafhan Maize and Allawasaya Textile were the top gainers increasing by Rs 780.00 and Rs 70.43 respectively to close at Rs 11280.00 and Rs 1009.60 while Gatron Industries and Dynea Pakistan were the top losers declining by Rs 41.68 and Rs 18.89 respectively to close at Rs 516.22 and Rs 279.86.
BR Automobile Assembler Index decreased by 51.23 points or 0.54 percent to close at 9,393.78 points with total turnover of 3.099 million shares.
BR Cement Index lost 39.94 points or 0.59 percent to close at 6,770.23 points with 11.530 million shares.
BR Commercial Banks Index gained 3.39 points or 0.04 percent to close at 9,310.86 points with 18.409 million shares.
BR Power Generation and Distribution Index inched up by 3.01 points or 0.05 percent to close at 5,629.79 points with 6.128 million shares.
BR Oil and Gas Index added 10.02 points or 0.26 percent to close at 3,907.33 points with 10.921 million shares.
BR Tech. & Comm. Index closed at 5,000.53 points, up 32.39 points or 0.65 percent with 141.812 million shares.
Maaz Mulla at JS Global Capital said the KSE-100 Index fluctuated between a low and high of minus 69 points and plus 130 points respectively, throughout the day, eventually closing down 39 points at 46,918 level as pressure took charge.
A total of 418 million shares were traded during the day where TPL (up 5.7 percent), TELE (down 0.4 percent), WTL (down 3.9 percent), GGL (down 4.5 percent) and ANL (down 4.0 percent) were among the volume leaders.
Selling pressure was witnessed in the banking and refinery sectors where UBL (down 1.3 percent), HBL (down 0.7 percent), ATRL (down 2.3 percent), BYCO (down 2.1 percent) and NRL (down 2.2 percent) lost value to close in the red region.
Cement sector closed negative despite an increase in cement dispatches reported for August 2021 where total cement sales during the month increased by 22.77 percent to 4.336 million tons from 3.531 million tons in the same month last fiscal year. FCCL (down 2.8 percent), CHCC (down 1.4 percent), POWER (down 1.0 percent) and LUCK (down 0.5 percent) were the major losers from the sector.
Copyright Business Recorder, 2021