Pakistan Stock Exchange witnessed bearish trend due to selling in various sectors. BRIndex100 lost 18.56 points or 0.45 percent to close at 4,084.95 points on Thursday. During the session, the BRIndex-100 touched an intraday high of 4,116.27 and an intraday low of 4,079.09 points. Total volumes stood at 76.544 million shares.
BRIndex30 decreased by 257.21 points or 1.21 percent to close at 21,041.33 points with total turnover of 60.136 million shares.
KSE-100 index declined by 120.32 points or 0.31 percent and closed at 38,808.61 points. Trading activities remained low as daily volumes on ready counter decreased to 85.867 million shares as compared to 93.538 million shares traded on Wednesday.
The foreign investors remained net sellers of shares worth $8.2 million. Total market capitalization declined by Rs 28 billion to Rs 7.948 trillion. Out of total 329 active scrips, 212 closed in negative and 106 in positive while the value of 11 stocks remained unchanged.
Bank of Punjab was the volume leader with 18.461 million shares however lost Re 0.04 to close at Rs 14.37 followed by Unity Foods that increased by Re 1.00 to close at Rs 14.17 with 11.782 million shares. Philip Morris Pak and Archroma Pak were the top gainers increasing by Rs 96.56 and Rs 23.95 respectively to close at Rs 3687.50 and Rs 611.20 while Colgate Palmolive and Siemens Pak were the top losers declining by Rs 30.00 and Rs 24.00 respectively to close at Rs 2000.00 and Rs 755.00.
BR Commercial Banks Index lost 7.75 points or 0.09 percent to close at 8,352.96 points with total turnover of 22.187 million shares.
BR Cement Index declined by 60.3 points or 1.46 percent to close at 4,069.36 points with 7.983 million shares.
BR Oil and Gas Index decreased by 29.17 points or 0.61 percent to close at 4,714.36 points with 6.551 million shares.
BR Tech & Comm Index closed at 953.14 points, down 8.55 points or 0.89 percent with 5.314 million shares.
BR Power Generation and Distribution Index plunged by 66.98 points or 1.14 percent to close at 5,814.02 points with 4.499 million shares.
Ahsan Mehanti at Arif Habib Corporation said that the stocks battered at PSX amid thin trade on investor concerns over ongoing geo political uncertainty. Institutional support remained in Pharma and fertilizer stocks on surging local prices. He said foreign outflows, concerns over hike in power tariff, surging fiscal deficit and CPI Inflation played a catalyst role in bearish close.
Comments
Comments are closed.