Pakistan Stock Exchange Friday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 41.48 points or 0.94 percent to close at 4,357.07 points. BRIndex100 touched intraday high of 4,423.71 and intraday low of 4,351.51 points. Volumes stood at 181.012 million shares.
BRIndex30 decreased by 216.67 points or 0.94 percent to close at 22,768.46 points with a turnover of 136.399 million shares. The KSE-100 Index declined by 272.57 points or 0.65 percent to close the week at 41,630.93 points. Daily trading volumes on the ready counter increased to 193.866 million shares as compared to 162.237 million shares traded Thursday.
Foreign investors remained net sellers of shares worth $1.7 million. The market capitalization declined by Rs 17 billion to Rs 7.851 trillion. Out of total 346 active scrips, 211 closed in negative, 123 in positive while the value of 12 stocks remained unchanged.
Unity Foods was the volume leader with 24.033 million shares. It gained Re 0.14 to close at Rs 13.98 followed by Hascol Petrol that increased by Rs 1.11 to close at Rs 25.72 with 23.568 million shares. Unilever Foods and Pak Tobacco were the top gainers with Rs 188.00 and Rs 101.00, respectively to close at Rs 7,788.00 and Rs 2,100.00. Nestle Pakistan and Sapphire Fiber were the top losers with Rs 38.98 and Rs 35.00, respectively to close at Rs 7,950.00 and Rs 666.00.
BR Automobile Assembler Index lost 5.81 points or 0.09 percent to close at 6,152.16 points with total turnover of 1.304 million shares BR Cement Index declined by 61.73 points or 1.57 percent to close at 3,874.93 points with 18.224 million shares. BR Commercial Banks Index plunged by 103.06 points or 1.04 percent to close at 9,825.84 points with 16.334 million shares.
BR Power Generation and Distribution Index fell by 21.76 points or 0.39 percent to close at 5,625.33 points with 8.104 million shares. BR Oil and Gas Index closed at 4,770.15 points, down 69.06 points or 1.43 percent with 30.632 million shares. BR Tech. & Comm. Index gained 18.98 points or 1.84 percent to close at 1,052.91 points with 33.405 million shares.
Ahsan Mehanti at Arif Habib Corporation said that the stocks closes sharply lower on global equity sell-off amid fears over global growth and concerns over dismal financial results. He said foreign outflows and investor concerns over SBP status quo policy on key policy rate, slump in global crude oil prices and hike in local gas tariff played a catalytic role in bearish close.
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