KARACHI: Pakistan Stock Exchange Friday witnessed a mixed trend as investors remained cautious and took fresh positions.
BRIndex100 lost 6.04 points or 0.14 percent to close at 4,192.88 points. BRIndex100 hit intraday high of 4,217.80 and intraday low of 4,162.49 points. Volumes stood at 204.312 million shares.
BRIndex30 closed at 21,204.39 points, down 66.24 points or 0.31 percent with a turnover of 119.102 million shares.
The KSE-100 Index inched up by 4.79 points or 0.01 percent to close at 40,569.35 points. Trading activity remained low as daily volumes on ready counter decreased to 243.084 million shares as compared to 328.299 million shares traded Thursday.
Foreign investors also remained net sellers of shares worth $716,015. Total market capitalization increased by Rs 01 billion to Rs 7.465 trillion. Out of total 387 active scrips, 199 closed in positive and 165 in negative while the value of 23 stocks remained unchanged.
Pak Refinery was the volume leader with 28.267 million shares and gained Rs 0.80 to close at Rs 18.45 followed by Unity Foods that inched up by Rs 0.18 to close at Rs 22.53 with 19.558 million shares. Sapphire Textile and Nestle Pakistan were the top gainers increasing by Rs 77.52 and Rs 70.00 respectively to close at Rs 1137.53 and Rs 6400.00 while Rafhan Maize and Ismail Industries were the top losers declining by Rs 55.00 and Rs 18.00 respectively to close at Rs 8150.00 and Rs 361.00.
BR Automobile Assembler Index lost 29.68 points or 0.38 percent to close at 7,793.63 points with total turnover of 1.769 million shares.
BR Cement Index gained 34.31 points or 0.59 percent to close at 5,891.02 points with 26.186 million shares.
BR Commercial Banks Index increased by 30.06 points or 0.36 percent to close at 8,416.20 points with 13.738 million shares.
BR Power Generation and Distribution Index inched up by 23.54 points or 0.49 percent to close at 4,871.44 points with 16.953 million shares.
BR Oil and Gas Index declined by 68.8 points or 1.82 percent to close at 3,713.91 points with 19.730 million shares.
BR Tech. and Comm. Index closed at 1,929.27 points, up 30.94 points or 1.63 percent with 26.576 million shares.
"After touching the day's low of 40,262 points, down by 302 points, the KSE-100 Index traded in a narrow range for most part of the session, intermittently going green and red by 50 points," an analyst at Arif Habib Limited said.
Selling pressure was observed earlier in the session in Cement, E&P, O&GMCs sectors, whereby SNGP traded at lower circuit for the entire session and E&P sector traded below respective LDCPs. Cement sector staged recovery by the end of first session and carried the momentum in the second sessions as well.
Sectors contributing to the performance include E&P (down 11 points), O&GMCs (down 07 points), Pharma (down 01 point), Technology (up 5 points) and Banks (up 5 points).
Stocks that contributed positively to the index include SYS (up 06 points), HBL (up 02 points), HUBC (up 02 points), MARI (up 02 points) and LUCK (up 02 points). Stocks that contributed negatively include POL (down 06 points), OGDC (down 05 points), SNGP (down 04 points), PPL (down 03 points) and PSO (down 02 points).
Copyright Business Recorder, 2020
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