KARACHI: Pakistan Stock Exchange Friday witnessed a mixed trend, however closed on a positive note due to select buying at The fag end.
BRIndex100 gained 10.01 points or 0.23 percent to close at 4,303.53 points. BRIndex100 hit intraday high of 4,319.90 and intraday low of 4,280.07 points. Volumes stood at 327.067 million shares.
BRIndex30 inched up by 5.48 points or 0.03 percent to close at 21,764.13 points with a turnover of 222.974 million shares.
The KSE-100 Index increased by 66.98 points or 0.16 percent to close at 41,266.00 points. Trading activity remained very thin as daily volumes on the ready counter decreased to 354.430 million shares as compared to 500.098 million shares traded Thursday.
Foreign investors however remained net sellers of shares worth $2.544 million. The market capitalization increased by Rs 19 billion to Rs 7.646 trillion. Out of total 402 active scrips, 219 closed in positive and 172 in negative while the value of 11 stocks remained unchanged.
Maple Leaf was the volume leader with 45.775 million shares and increased by Rs 1.44 to close at Rs 42.18 followed by Pak Refinery that gained Rs 1.34 to close at Rs 19.25 with 27.942 million shares. Sapphire Textile and Nestle Pakistan were the top gainers increasing by Rs 56.32 and Rs 50.00 respectively to close at Rs 807.32 and Rs 6500.00 while Gatron Industries and Hinopak Motor were the top losers declining by Rs 52.00 and Rs 17.43 respectively to close at Rs 648.00 and Rs 437.57.
BR Automobile Assembler Index increased by 51.48 points or 0.65 percent to close at 8,014.15 points with total turnover of 7.399 million shares.
BR Cement Index surged by 169.33 points or 2.89 percent to close at 6,037.97 points with 107.273 million shares.
BR Commercial Banks Index lost 24.07 points or 0.28 percent to close at 8,563.69 points with 17.750 million shares.
BR Power Generation and Distribution Index decreased by 32.49 points or 0.68 percent to close at 4,775.30 points with 20.371 million shares.
BR Oil and Gas Index fell by 26.71 points or 0.69 percent to close at 3,819.08 points with 16.991 million shares.
BR Tech. & Comm. Index closed at 1,799.98 points, down 7.49 points or 0.41 percent with 26.066 million shares.
Danish Ladhani at JS Global Capital said that the KSE-100 Index closed on a flat note, gaining just 67 points. After making a high and a low of plus 183 points and minus 136 points, respectively, the index closed at 41,266 levels.
Market remained volatile on the back of ongoing FATF meeting as investors booked short-term gains before the final outcome. Among major result announcements were MLCF (up 3.5 percent) and DGKC (up 1.4 percent). In MLCF, the earnings per share of the company clocked in at Rs 0.51, compared to the loss per share of Rs 1.41 in the corresponding quarter last year, which was above markets expectation. DGKC reported its consolidated first quarter of FY21 LPS of Rs 0.67 against LPS of Rs 3.30 in the same period last year.
Copyright Business Recorder, 2020
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