KARACHI: Pakistan Stock Exchange Monday remained under pressure and closed in negative territory due to selling by local and foreign investors in various sectors.
BRIndex100 lost 46.43 points or 1.01 percent to close at 4,554.10 points. BRIndex100 hit
intraday high of 4,610.78 and intraday low of 4,551.67 points. Volumes stood at 432.825 million shares.
BRIndex30 declined by 323.82 points or 1.4 percent to close at 22,729.01 points with a turnover of 233.888 million shares.
The KSE-100 Index plunged by 406.80 points or 0.93 percent to close at 43,333.76 points. Daily trading volumes on the ready counter increased to 516.465 million shares as compared to 482.628 million shares traded on previous session.
Foreign investors also remained net sellers of shares worth $4.582 million. The market capitalization declined by Rs 65 billion to Rs 7.963 trillion. Out of total 404 active scrips, 224 closed in negative and 154 in positive while the value of 26 stocks remained unchanged.
WorldCall Telecom was the volume leader with 36.557 million shares and gained Rs 0.09 to close at Rs 1.17 followed by TRG Pak that increased by Rs 0.85 to close at Rs 75.71 with 35.184 million shares. Service Ind. Limited and Pak Tobacco were the top gainers increasing by Rs 64.52 and Rs 49.00 respectively to close at Rs 924.87 and Rs 1599.00 while Unilever Foods and Nestle Pakistan were the top losers declining by Rs 1000.00 and Rs 165.00 respectively to close at Rs 12600.00 and Rs 6735.00.
BR Automobile Assembler Index declined by 103.82 points or 1.2 percent to close at 8,523.76 points with total turnover of 7.576 million shares.
BR Cement Index decreased by 68.74 points or 1.13 percent to close at 6,012.43 points with 19.472 million shares.
BR Commercial Banks Index fell by 80.48 points or 0.89 percent to close at 8,960.27 points with 45.187 million shares.
BR Power Generation and Distribution Index lost 23.12 points of 0.46 percent to close at 4,988.74 points with 12.447 million shares.
BR Oil and Gas Index plunged by 109.54 points or 2.65 percent to close at 4,029.08 points with 27.725 million shares. BR Tech. & Comm. Index gained 29.11 points or 1.18 percent to close at 2,487.01 points with 104.436 million shares. An analyst at Arif Habib Limited said that the first day of the rollover week met the vengeance of international crude oil prices, which fell by more than 5.0 percent during the trading hours (due to lockdown fears in the developed countries). Scrips that are the subject of rollover largely performed well as against the main board.
The E&P sector saw heavy selling pressure, followed by Bank and
Cement sectors primarily due to profit booking as was observed on Friday when the KSE-100 Index virtually touched base with 44,000 level.
Sectors contributing to the performance include E&P (down 178 points), Banks (down 92 points), Cement (down 45 points), Fertilizer (down 36 points) and Autos (down 23 points).
Stocks that contributed positively to the index include PAKT (up 14 points), SRVI (up 14 points), FFC (up 9 points), TRG (up 9 points) and KTML (up 8 points). Stocks that contributed negatively include OGDC (down 69 points), PPL (down 60 points), HBL (down 33 points), ENGRO (down 32 points) and POL (down 31 points).
Copyright Business Recorder, 2020
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