The investors Friday opted to book profit that forced the Pakistan Stock Exchange to close on negative note.
BRIndex100 lost 11.76 points or 0.35 percent to close at 3,362.89 points. During the session, the BRIndex-100 touched an intraday high of 3,387.25 and an intraday low of 3,354.63 points. Total volumes stood at 143.340 million shares.
BRIndex30 decreased by 126.99 points or 0.72 percent to close at 17,576.72 points with total turnover of 96.577 million shares.
KSE-100 index declined by 72.93 points or 0.23 percent and closed at 32,111.10 points. Due to selling pressure, daily trading volumes increased to 153.277 million shares as compared to 136.566 million shares traded on Thursday.
Total market capitalization declined by Rs 12 billion to Rs 6.397 trillion. Out of total 351 active scrips, 195 closed in negative and 138 on positive while the value of 18 stocks remained unchanged.
Maple Leaf was the volume leader with 18.012 million shares however lost Re 0.98 to close at Rs 15.74 followed by TRG Pak that decreased by Re 0.74 to close at Rs 13.31 with 6.909 million shares. Bhanero Textile and Gatron Ind were the top gainers increasing by Rs 30.45 and Rs 14.35 respectively to close at Rs 850.56 and Rs 458.00 while Colgate Palmolive and Sitara Chemical were the top losers declining by Rs 55.00 and Rs 11.55 respectively to close at Rs 2144.00 and Rs 228.45.
BR Automobile Assembler Index lost 2.17 points or 0.04 percent to close at 4,836.58 points with total turnover of 1.991 million shares.
BR Cement Index decreased by 63.68 points or 2.33 percent to close at 2,668.81 points with 26.343 million shares.
BR Commercial Banks Index fell 21.97 points or 0.29 percent to close at 7,654.20 points with 11.005 million shares.
BR Power Generation and Distribution Index closed at 4,470.70 points, down 9.03 points or 0.2 percent with 7.320 million shares.
BR Oil and Gas Index gained 5.41 points or 0.15 percent to close at 3,649.42 points with 17.301 million shares.
BR Tech & Comm Index declined by 13.0 percent or 1.94 percent to close at 657.01 points with 16.003 million shares.
Maaz Mulla at JS Global Capital said that the KSE-100 index movements were similar to a seesaw, where the local bourse juggled between green and red, making an intraday high of 148 points and a low of minus 129 points to close at 32,111 levels, down 73 points.
Total volume increased by 12 percent. MLCF (down 5.9 percent) led the volume with almost 18 million shares changing hands as the company announced its FY19 result, where the company posted an EPS of Rs 4.14 and a cash payout of Re 0.50 per share. Furthermore, the company also announced 85 percent right share at a price of Rs 12 per share.
MUGHAL (down 4.0 percent) from the steel sector declared its FY19 result posting an EPS of Rs 5.46 and cash dividend of Rs 1.20 per share. Selling pressure was witnessed in the cement sector as investors opted to book profit where DGKC (down 3.1 percent), PIOC (down 4.8 percent), MLCF (down 5.9 percent) and LUCK (down 1.8 percent) were the major losers of the sector.
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