KARACHI: Pakistan Stock Exchange (PSX) closed lower on last trading day of the week amid pressure in global equities and foreign outflows.
On Friday, BRIndex100 declined by 12.22 points or 0.28 percent to close at 4,333.81 points compared to 4,346.03 points Thursday. It touched intraday high of 4,379.06 points and intraday low of 4,321.49 points. Volume at BRIndex100 stood at 387.862 million shares. Hascol Petroleum was the most traded company with a volume of 57.515 million shares.
BRIndex30 opened at 22,082.90 points. It touched intraday high of 22,341.86 points and intraday low of 21,923.92 points to close at 22,001.87 points, which was 81.03 points or 0.37 percent lower than previous close. Volume at BRIndex30 stood at 259.247 million.
The PSX benchmark KSE-100 Index, making an intra-day high of 294 points and low of 204 points, closed at 41,701 points, down 105 points. Share trading volumes were almost remained the same, ie, 435 million.
Analysts said that such bearish sentiments at the bourse can be attributed to the last day of future rollover week. They said that stocks closed bearish amid pressure in global equities and foreign outflows. Banking and fertilizers outperformed on status quo over SBP policy and surging fertilizer prices.
Investors concerns for political uncertainty and weak earnings outlook amid falling exports, oil prices played a catalyst role for bearish close, they added.
E&P, Cement and banking sector stocks contributed to the downside in Index, whereby OGDC and PPL saw selling pressure in Market on Close (MOC) session.
Market capitalization decreased by Rs10.2 billion to Rs 7.818 trillion on Friday. Out of 411 active scrips, 161 closed in negative, 232 in positive and value of 18 scrips was remained unchanged. Among leading scrips, Hascol Patrol topped the volumes with 57.5 million shares, followed by Unity Foods some 47.5 million shares and Byco Petroleum YBCO 28.4 million shares.
Unilever Foods and Nestle Pakistan were the top gainer and increased by Rs 1,040 and Rs 178.75 respectively to close at Rs 15,000 and to Rs 6,790. While, Murree Brewery and Premier Sugar were the top loser declining by Rs 48.75 and Rs 28.99 respectively to close at Rs 601.25 and Rs 430.01.
BR Automobile Assembler Index declined by 75.63 points or 0.97 percent to close at 7,726.30 points with total turnover of 3.2 million shares. BR Cement Index closed at 5,863.76 points with a net negative change of 117.03 points or a percentage change of 1.96 and a total turnover of 35.686 million shares.
BR Commercial Banks Index gained 1.01 points to close at 8,390.10 points with a total turnover of 35.706 million shares. BR Power Generation and Distribution Index closed at 4,994.83 with a net positive change of 24.5 points or a percentage change of 0.49 and a total turnover of 31.616 million shares. BR Oil and Gas Index also lost 0.34 points to close at 4,071.05 points with a total turnover of 70.435 million shares. BR Tech. & Comm. Index decreased by 32.58 points or 1.69 percent to 1,894.26 points with a total turnover of 39.396 million shares.
Copyright Business Recorder, 2020
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