Despite foreign buying, Pakistan Stock Exchange Tuesday closed in negative territory due to selling by local investors. BRIndex100 lost 33.61 points or 0.72 percent to 4,641.74 points. BRIndex100 touched intraday high of 4,675.66 and intraday low of 4,584.21 points. Volumes stood at 150.763 million shares. BRIndex30 decreased by 196.92 points or 0.81 percent to 24,021.09 points with a turnover of 107.527 million shares.
The benchmark KSE-100 index declined by 277.72 points to 43,294.95 points. Due to selling pressure, trading activity improved as daily volumes on the ready counter increased to 169.709 million shares as compared to 126.714 million shares traded Monday. Foreign investors remained net buyers of shares worth $2.3 million. The market capitalization decreased by Rs 33 billion to Rs 8.972 trillion. Out of total 367 active scrips, 234 closed in negative, 116 in positive while the value of 17 stocks remained unchanged.
Dewan Cement was the volume leader with 14.094 million shares. It gained Re 0.99 to close at Rs 26.89 followed by TRG Pak increased by Re 0.92 to close at Rs 36.29 with 13.842 million shares. Pak Tobacco and National Foods were the top gainers with Rs 24.69 and Rs 12.19, respectively to close at Rs 1,961.65 and Rs 313.19. Wyeth Pak and Service Industries were the top losers with Rs 39.65 and Rs 25.00, respectively to close at Rs 1,774.35 and Rs 850.00.
BR Commercial Banks Index declined by 92.53 or 1.03 percent to close at 8,916.37 points with total turnover of 11.409 million shares. BR Cement Index decreased by 19.1 points or 0.34 percent to close at 5,551.81 points with 30.490 million shares. BR Oil and Gas Index lost 15.22 points or 0.29 percent to close at 5,179.79 points with 10.501 million shares.
BR Tech. & Comm. Index gained 5.39 points or 0.45 percent to close at 1,201.84 points with 21.905 million shares. BR Power Generation and Distribution Index closed at 6,388.90 points, down 43.34 points or 0.67 percent with 3.781 million shares. Danish Ladhani at JS Global Capital said that Pakistan equities closed lower as the KSE-100 Index succumbed to pressure due to political qualm. The bourse slipped down by 708 points to close at 43,295, down 278 points. On the political front Pakistan has sent Adviser to Prime Minister on Finance Dr Miftah Ismail to plead the country's case at the ongoing session of the Financial Action Task Force (FATF) that is taking up a US-sponsored resolution to put Islamabad on a list of countries that financially aid terrorism.
In the E&P sector, PPL (up 0.14 percent) and POL (up 0.34 percent) closed positive as the international oil prices edged up. However, OGDC (down 0.19 percent) came under pressure as the earnings clocked in at Rs 8.53/share, with a payout of Rs 3/share. Moreover in financials, NBP (down 2.40 percent) announced its results where the company posted a consolidated EPS of Rs 10.90 with no payout. Furthermore, DGKC (up 0.13 percent) also announced its results where the company posted a Consolidated EPS of Rs 7.91, with no DPS.
Comments
Comments are closed.