KARACHI: Pakistan Stock Exchange Friday closed on a negative note as the investors opted to book profits on available margins.
BRIndex100 lost 38.3 points or 0.9 percent to close at 4,227.72 points. BRIndex100 hit intraday high of 4,268.38 and intraday low of 4,222.13 points. Volumes stood at 322.824 million shares.
BRIndex30 decreased by 153.53 points or 0.71 percent to close at 21,487.11 points with a turnover of 231.278 million shares.
The KSE-100 Index declined by 339.69 points or 0.83 percent to close below 41,000 level at 40,731.61 points. Daily trading volumes on the ready counter stood at 350.438 million shares as compared to 356.655 million shares traded Thursday.
Foreign investors also remained net sellers of shares worth $1.278 million. Total market capitalization declined by Rs 48 billion to Rs 7.536 trillion. Out of total 390 scrips, 237 closed in negative and 132 in positive while the value of 21 stocks remained unchanged.
Unity Foods was the volume leader with 49.035 million shares and gained Rs 0.64 to close at Rs 23.95 followed by Power Cement that inched up by Rs 0.46 to close at Rs 10.65 with 43.609 million shares. Colgate Palmolive and Sapphire Textile were the top gainers increasing by Rs 73.89 and Rs 61.87 respectively to close at Rs 2849.90 and Rs 911.88 while Island Textile and Nestle Pakistan were the top losers declining by Rs 86.67 and Rs 50.01 respectively to close at Rs 1068.95 and Rs 6299.99.
BR Automobile Assembler Index declined by 104.41 points or 1.29 percent to close at 8,012.58 points with total turnover of 5.613 million shares.
BR Cement Index lost 44.46 points or 0.72 percent to close at 6,097.81 points with 59.658 million shares.
BR Commercial Banks Index plunged by 98.35 points or 1.17 percent to close at 8,313.94 points with 20.492 million shares.
BR Power Generation and Distribution Index decreased by 34.85 points or 0.7 percent to close at 4,968.79 points with 9.827 million shares.
BR Oil and Gas Index fell by 46.8 points or 1.24 percent to close at 3,720.84 points with 27.704 million shares.
BR Tech. & Comm. Index closed at 1,868.06 points, down 49.72 points or 2.73 percent with 48.676 million shares.
Maaz Mulla at JS Global Capital said that the KSE-100 Index dropped by 340 points to close at 40,731 levels down 0.8 percent. The market remained volatile with decent volumes.
Profit taking was seen at the bourse where UNITY (up 2.7 percent), HASCOL (down 0.1 percent), TRG (up 7.3 percent), POWER (up 4.5 percent) and PRL (down 2.1 percent) were the major volume movers cumulatively 161 million exchanged.
Cement sector came under the hammering belt where DGKC (down 1.2 percent), MLCF (down 1.1 percent), PIOC (down 1.2 percent), CHCC (down 1.2 percent) and LUCK (down 0.7 percent) lost values respectively to close in the red region.
Banking space closed lower where UBL (down 2.0 percent), HBL (down 2.3 percent) and MCB (down 2.0 percent) closed in the red trajectory. Investors' interest was witnessed in the Technology sector where NETSOL (up 1.9 percent), TRG (up 7.3 percent) and AVN (up 1.2 percent) gained to close higher than their previous day close.
Copyright Business Recorder, 2020
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