BRIndex100 listless

Pakistan Stock Exchange witnessed a mixed trend on the first trading day after long Eid holidays. BRIndex100 lost 0.54 points or 0.01 percent to close at 4,684.55 points Tuesday. BRIndex100 touched intraday high of 4,705.38 and intraday low of 4,662.35 points. Volumes stood at 102.212 million shares. BRIndex30 gained 27.26 points or 0.12 percent to close at 23,166.28 points with a turnover of 78.470 million shares.
The benchmark KSE-100 inched up by 2.16 points to close at 43,682.84 points. Daily trading volumes increased to 123.266 million shares as compared to 117.539 million shares traded in the last trading session. Foreign investors remained net sellers of shares worth $0.4 million. The market capitalization declined by Rs 17 billion to Rs 8.960 trillion. Out of total 325 active scrips, 148 closed in negative, 145 in positive while the value of 32 stocks remained unchanged.
Power Cement was the volume leader with 24.642 million shares. It gained Re 0.39 to close at Rs 8.99 followed by TRG Pak that increased by Rs 1.46 to close at Rs 30.68 with 7.527 million shares. Ghandhara Industries and Abbott Lab were the top gainers with Rs 32.35 and Rs 29.71, respectively to close at Rs 679.35 and Rs 742.09. Colgate Palmolive and Island Textile were the top losers with Rs 89.20 and Rs 55.99, respectively to close at Rs 3,400.00 and Rs 1,064.00.
BR Commercial Banks Index declined by 40.34 points or 0.45 percent to close at 8,987.42 points with total turnover of 13.006 million shares.
BR Cement Index inched up by 1.94 points or 0.04 percent to close at 4,924.75 points with 30.189 million shares.
BR Oil and Gas Index decreased by 37.38 points or 0.67 percent to close at 5,560.88 points with 2.787 million shares.
BR Tech. & Comm. Index gained 18.9 points or 1.6 percent to close at 1,199.31 points with 10.739 million shares.
BR Power Generation and Distribution Index plunged by 26.23 points or 0.43 percent to close at 6,114.67 points with 3.681 million shares.
Ahsan Mehanti at Arif Habib Corporation said that stocks closed flat amid global equities sell off after US threats tariff measures over china imports. Uncertainty over rupee dollar parity amid surging external account balances and plunge in global crude prices invited mid-session pressure. He said strong data on auto sales and oil production for July-May 2018 and reports on falling circular debt in the energy sector played a catalyst role in positive close.