Pakistan Stock Exchange Friday ended on a bearish note, weighed mainly by selling in various sectors. BRIndex100 lost 38.03 points or 0.78 percent to close at 4,846.03 points. BRIndex100 touched intraday high of 4,902.44 and intraday low of 4,832.48 points. Volumes stood at 121.339 million shares.
BRIndex30 decreased by 135.29 points or 0.55 percent to 24,615.61 points with a turnover of 86.299 million shares.
The benchmark KSE-100 index declined by 128.43 points to 45,259.34 points. Trading activity also remained low as daily volumes decreased to 144.012 million shares as compared to 183.362 million shares traded Thursday.
The market capitalization however increased by Rs 5 billion to Rs 9.330 trillion. Out of total 369 active scrips, 206 closed in negative, 142 in positive while the value of 21 stocks remained unchanged.
Lotte Chemical was the volume leader with 21.758 million shares. However, it lost Re 0.30 to close at Rs 10.56 followed by Engro Polymer that gained Re 0.37 to close at Rs 38.82 with 8.322 million shares.
Colgate Palmolive and Pak Tobacco were the top gainers with Rs 153.33 and Rs 51.10, respectively to close at Rs 3,353.33 and Rs 2,096.10. Bata Pak and K.S.B. Pumps were the top losers with Rs 59.00 and Rs 18.94, respectively to close at Rs 2,751.00 and Rs 361.06.
BR Commercial Banks Index decreased by 24.36 points or 0.27 percent to close at 9,142.65 points with total turnover of 8.987 million shares.
BR Cement Index declined by 65.37 points or 1.1 percent to close at 5,876.75 points with 10.701 million shares.
BR Oil and Gas Index lost 14.65 points or 0.27 percent to close at 5,439.23 points with 5.308 million shares.
BR Tech. & Comm. Index gained 0.37 points or 0.03 percent to close at 1,200.05 points with 9.770 million shares.
BR Power Generation and Distribution Index closed at 6,785.82 points, down 23.72 points or 0.35 percent with 5.145 million shares.
An analyst at Arif Habib Limited said that the KSE-100 index again saw major selling in blue chips which resulted in index pressuring down by 128 points. Selling was witnessed in DGKC, LUCK, OGDC, ENGRO and POL which traded in red. The day started in green and at a point in time increased by 138 points and maintained positive trend throughout the day. Situation took negative turn in last half hour which skewed the index from positive to negative and the session ended at 45,259 points.
Financial results of EFERT, INIL and ASTL failed to garner support for the index. Steel went down, whereas Fertilizer propped up on better results. Auto, E&P and Cements played on the downside.
Sectors contributing to this performance include Commercial Banks (down 135 points), Cement (down 59 points), E&P (down 43 points), Power (down 22pts) and O&GMCs (down 12 points).
Scripts that contributed positively include COLG (up 16 points), EFERT (up 16 points), KTML (up 15 points), PAKT (up 13 points) and DAWH (up 12 points). Stocks that contributed negatively include UBL (down 60 points), HBL (down 53 points), LUCK (down 43 points), HUBC (down 24 points) and POL (down 20 points).