Pakistan Stock Exchange Thursday ended on a negative note due to selling in various sectors. BRIndex100 lost 3.64 points or 0.09 percent to close at 4,156.53 points. BRIndex100 touched intraday high of 4,162.58 and intraday low of 4,099.23 points. Volumes stood at 99.446 million shares. BRIndex30 decreased by 39.65 points or 0.18 percent to close at 21,796.92 points with a turnover of 70.451 million shares.
The KSE-100 index declined by 28.05 points to close at 39,243.89 points. Daily trading volumes on the ready counter slightly increased to 104.483 million shares as compared to 92.773 million shares traded Wednesday. Foreign investors remained net sellers of shares worth $4.2 million. The market capitalization increased by Rs 12 billion to Rs 7.911 trillion. Out of total 332 active scrips, 176 closed in negative, 144 in positive while the value of 12 stocks remained unchanged.
Bank of Punjab was the volume leader with 10.170 million shares. However, it lost Re 0.14 to close at Rs 12.71 followed by TRG Pak that gained Re 0.66 to close at Rs 24.46 with 9.011 million shares. Pak Tobacco and Siemens Pak were the top gainers with Rs 98.95 and Rs 17.00, respectively to close at Rs 2,800.00 and Rs 798.00. Colgate Palmolive and Service Ind Limited were the top losers with Rs 100.00 and Rs 40.73, respectively to close at Rs 2,010.00 and Rs 798.77.
BR Commercial Banks Index gained 3.87 points or 0.05 percent to close at 8,360.33 points with total turnover of 14.680 million shares. BR Cement Index inched up by 24.82 points or 0.6 percent to close at 4,152.36 points with 9.044 million shares. BR Oil and Gas Index lost 7.22 points or 0.15 percent to close at 4,860.37 points with 9.297 million shares.
BR Tech. & Comm. Index closed at 1,009.34 points, up 14.56 points or 1.46 percent with 12.115 million shares. BR Power Generation and Distribution Index declined by 70.05 points or 1.14 percent to close at 6,085.25 points with 10.447 million shares. An analyst at Arif Habib Limited said the market showed signs of nervousness throughout the day with a panic like selling in the midst, while touching a low of 38,780 points, down 500 points. In the end, however, the index recovered and closed near Wednesday's closing.
Buying interest was mostly observed in banking sector that showed BOP on top with 10 million shares against a total volume of 14.6 million shares for the whole sector. Investors also took interest in Technology stocks (particularly NETSOL that was made part of eligible futures contract). NETSOL hit upper circuit and closed at that level. Generally, selling pressure was observed in Banking and E&P Sectors that raised concerns among investors.
Sectors contributing to the performance include E&P (down 23 points), Chemical (down 13 points), Banks (down 13 points), Fertilizer (down 9 points), Autos (down 6 points), Tobacco (up 25 points) and Cement (up 21 points). Stocks that contributed positively include PAKT (up 25 points), LUCK (up 14 points), MARI (up 8 points), UBL (up 8 points) and TRG (up 6 points). Stocks that contributed negatively include BAHL (down 17 points), PPL (down 15 points), COLG (down 12 points), FFC (down 12 points) and SEARL (down 11 points).
Comments
Comments are closed.