KARACHI: Pakistan Stock Exchange Wednesday witnessed a mixed trend as investors remained cautious due to their concerns.
BRIndex100 closed at 4,193.21 points, up only 1.72 points or 0.04 percent. During the session, the BRIndex-100 hit an intraday high of 4,221.74 and an intraday low of 4,182.13 points. Total volumes stood at 354.695 million shares.
BRIndex30 declined by 71.83 points or 0.33 percent to close at 21,650.74 with total daily turnover of 222.869 million shares.
The KSE-100 Index lost 29.90 points or 0.07 percent and closed at 40,154.11 points. Trading activities remained low as daily volumes decreased to 427.204 million shares as compared to 458.803 million shares traded on Tuesday.
The foreign investors however remained net buyers of shares worth $2.356 million. Total market capitalization declined by Rs 3 billion to Rs 7.457 trillion. Out of total 400 active scrips, 223 closed in negative and 157 in positive while the value of 20 stocks remained unchanged.
Pak Int. Bulk Terminal was the volume leader with 26.242 million shares however lost Rs 0.15 to close at Rs 12.36 followed by TRG Pak that declined by Rs 2.13 to close at Rs 49.87 with 22.655 million shares. Bhanero Textile and Bata Pak were the top gainers increasing by Rs 69.37 and Rs 22.00 respectively to close at Rs 994.37 and Rs 1600.00 while Unilever Foods and Sapphire Fiber were the top losers declining by Rs 100.00 and Rs 65.00 respectively to close at Rs 9600.00 and Rs 805.00.
BR Automobile Assembler Index declined by 115.8 points or 1.44 percent to close at 7,936.18 points with total turnover of 3.131 million shares.
BR Cement Index lost 27.64 points or 0.49 percent to close at 5,589.04 points with 55.377 million shares.
BR Commercial Banks Index fell by 20.56 points or 0.25 percent to close at 8,138.89 points with 29.385 million shares.
BR Power Generation and Distribution Index decreased by 49.85 points or 0.98 percent to close at 5,059.34 points with 24.641 million shares.
BR Oil and Gas Index gained 26.82 points or 0.64 percent to close at 4,188.21 points with 51.900 million shares.
BR Tech. & Comm. Index closed at 1,600.76 points, down 25.29 points or 1.56 percent with 54.685 million shares.
Ahsan Mehanti at Arif Habib Corporation said that the stocks closed lower amid pressure in cement, autos and banking scrips post major earnings announcements at PSX and concerns over rupee instability, uncertain political outlook.
He said GIDC levies on industrials, reduction in profit margins of IPPs, negative growth in private sector credit, shrinking LSM during July 2020 played a catalyst role for negative close.
Copyright Business Recorder, 2020
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