Pakistan Stock Exchange Friday witnessed a mixed trend as investors adopted a cautious approach on the last trading day. BRIndex100 closed on 4,127.41 points, up 5.19 points or 0.13 percent. BRIndex100 touched intraday high of 4,148.34 and intraday low of 4,090.50 points. Volumes stood at 115.340 million shares.
BRIndex30 gained 198.23 points or 0.92 percent to close at 21,844.57 points with a turnover of 79.740 million shares. The KSE-100 lost 41.20 points or 0.11 percent to close at 39,049.08 points. Daily trading volumes stood at 123.577 million shares as compared to 112.051 million shares traded Thursday. Daily trading value increased to Rs 6.357 billion against Rs 4.587 billion.
Foreign investors emerged net buyers of shares worth $1.3 million. The market capitalization declined by Rs 19 billion to Rs 7.877 trillion. Out of total 349 active scrips, 175 closed in negative, 142 in positive while the value of 32 stocks remained unchanged.
K-Electric was the volume leader with 13.920 million shares. It gained Re 0.10 to close at Rs 6.31 followed by Sui Southern Gas that lost Rs 1.31 to close at Rs 25.30 with 8.521 million shares. Wyeth Pak and Sanofi-Aventis were the top gainers with Rs 40.37 and Rs 38.99, respectively to close at Rs 1,029.00 and Rs 818.98. Pak Tobacco and Colgate Palmolive were the top losers with Rs 92.85 and Rs 90.00, respectively to close at Rs 2,701.05 and Rs 2,110.00.
BR Commercial Banks Index lost 13.42 points or 0.16 percent to close at 8,349.83 points with total turnover of 9.001 million shares. BR Cement Index decreased by 33.54 points or 0.8 percent to close at 4,159.69 points with 7.890 million shares.
BR Oil and Gas Index declined by 22.86 points or 0.47 percent to close at 4,848.25 points with 14.777 million shares. BR Tech. & Comm. Index closed at 977.77 points, down 12.29 points or 1.24 percent with 11.457 million shares.
BR Power Generation and Distribution Index gained 7.66 points or 0.12 percent to close at 6,155.01 points with 17.261 million shares.
An analyst at Arif Habib Limited said that the opening bell saw an increase of 26 points with 0.4 million shares volume and the second session ended at 41 points down.
E&P sector that rallied in the past couple of sessions remained timid throughout the day. Investors maintained cautious view on oil sector, whereas fertilizer sector jumped significantly on the news of reduction in GIDC by 50 percent. Resultantly, FFC and FFBL hit upper circuit where other fertilizer sector scrips also showed improved price performance. EPCL saw negative price performance due to the news of fire breaking out at the plant, but recovered to some extent by session''s end.
Stocks that contributed positively include FFC (up 72 points), HBL (up 29 points), SEARL (up 22 points), POL (up 17 points) and ABOT (up 13 points). Stocks that contributed negatively include ENGRO (down 46 points), DAWH (down 28 points), PAKT (down 25 points), MTL (down 17 points) and LUCK (down 14 points).
Comments
Comments are closed.