Pakistan Stock Exchange remained under heavy pressure on the last day of the week due to selling in various scrips. BRIndex100 lost 50.16 points or 1.1 percent to close at 4,491.56 points Friday. BRIndex100 touched intraday high of 4,532.77 and intraday low of 4,484.50 points. Volumes stood at 96.266 million shares. BRIndex30 decreased by 353.15 points or 1.55 percent to close at 22,420.10 points with a turnover of 63.775 million shares.
The benchmark KSE-100 index declined by 462.07 points to close at 42,074.09 points. Trading activity remained low as daily volumes on the ready counter decreased to 109.677 million shares as compared to 127.171 million shares traded Thursday.
The market capitalization declined by Rs 97 billion to Rs 8.731 trillion. Out of total 313 active scrips, 214 closed in negative, only 78 in positive while the value of 21 stocks remained unchanged.
Pak Elektron was the volume leader with 11.536 million shares. However, it lost Rs 1.69 to close at Rs 34.33 followed by 1st Dawood Bank that gained Re 0.30 to close at Rs 5.06 with 10.638 million shares.
Island Textile and Gatron Industries were the top gainers with Rs 46.97 and Rs 11.93, respectively to close at Rs 1,078.48 and Rs 254.50. Pak Tobacco and Colgate Palmolive were the top losers with Rs 108.45 and Rs 50.00, respectively to close at Rs 2,061.55 and Rs 2,800.00.
BR Commercial Banks Index declined by 83.69 or 0.97 percent to close at 8,521.15 points with a turnover of 9.884 million shares.
BR Cement Index decreased by 59.12 points or 1.15 percent to close at 5,085.71 points with 11.741 million shares.
BR Oil and Gas Index closed at 5,324.86 points, down 38.26 points or 0.71 points with 3.547 million shares.
BR Tech. & Comm. Index lost 24.35 points or 2.2 percent to close at 1,082.94 points with 13.000 million shares.
BR Power Generation and Distribution Index plunged by 102.65 points or 1.63 percent to close at 6,196.86 points with 7.342 million shares.
Maaz Mulla at JS Global Capital said negativity prevailed around the clock as the index lost 462 points to close at 43,136 levels, owing to jitters from the political backdrop and last day of futures rollover.
Major laggards were HBL (down 2.32 percent), PSO (down 2.37 percent), LUCK (down 1.40 percent), HUBC (down 1.45 percent) and NML (down 2.53 percent) as they cumulatively wiped away minus 134 points from the index. On a sector wise level, commercial banks showed mixed sentiment, where MCB (up 0.28 percent) closed positive and on the flipside HBL (down 2.32 percent) and FABL (down 2.31 percent) closed in the red zone. Cement sector remained under the hammer for third consecutive day where CHCC (down 2.94 percent), FCCL (down 2.04 percent), MLCF (down 1.03 percent), LUCK (down 1.40 percent) and DGKC (down 1.41 percent) lost value to close in the red zone. POL (down 0.95 percent), PPL (down 0.24 percent) and OGDC (down 0.52 percent) from the E&P sector shed points as crude oil prices edged lower in the international market.