BRIndex100 retreats

Pakistan Stock Exchange Tuesday closed on a negative note due to selling in various sectors.
BRIndex100 lost 12.5 points or 0.3 percent to close at 4,201.74 points. BRIndex100 touched intraday high of 4,236.84 and intraday low of 4,196.51 points. Volumes stood at 153.990 million shares.
BRIndex30 closed at 21,775.91 points, down 16.06 points or 0.07 percent with a turnover of 118.988 million shares.
The KSE-100 index declined by 61.24 points to close at 39,688.51 points. Daily trading volumes stood at 163.863 million shares as compared to 168.446 million shares traded Monday.
Foreign investors remained net sellers of shares worth $0.9 million. The market capitalization declined by Rs 4 billion to Rs 8.116 trillion. Out of total 347 active scrips, 177 closed in negative, 147 in positive while the value of 23 stocks remained unchanged.
Bank of Punjab was the volume leader with 66.885 million shares. It gained Re 0.28 to close at Rs 14.07 followed by K-Electric that inched up by Re 0.14 to close at Rs 6.28 with 7.642 million shares.
Rafhan Maize and Sanofi-Aventis were the top gainers with Rs 150.00 and Rs 41.89, respectively to close at Rs 7,250.00 and Rs 879.79. Gatron Ind and Punjab Oil were the top losers with Rs 12.72 and Rs 10.46, respectively to close at Rs 291.84 and Rs 198.77.
BR Commercial Banks Index decreased by 32.35 points or 0.38 percent to close at 8,576.67 points with total turnover of 76.445 million shares.
BR Cement Index declined by 26.6 points or 0.63 percent to close at 4,177.88 points with 8.037 million shares.
BR Oil and Gas Index lost 24.48 points or 0.5 percent to close at 4,891.51 points with 7.520 million shares.
BR Tech. & Comm. Index closed at 983.43 points, down 6.83 points or 0.69 percent with 6.982 million shares.
BR Power Generation and Distribution Index increased by 83.02 points or 1.37 percent to close at 6,129.19 points with 8.696 million shares.
An analyst at Arif Habib Limited said that the market opened on a positive note with plus 25 points and 4 million shares at the opening bell, all of which traded in BOP. Investors reposed confidence on BOP consecutively and throughout session stock price maintained trades above opening price.
Banking sector topped the traded volume with 76 million shares, out of which 67 million is attributed to BOP. Besides, Textile sector also came in the lime light today, where NCL remained prominent with 7 million shares.
Market came under selling pressure near mid day which was mainly caused by concerns over anticipation of escalation of situation between Pakistan and India.
Sectors contributing to the performance include Banks (down 51 points), E&P (down 42 points), Cement (down 25 points), Insurance (down 14 points), Misc (up 22 points) and Fertilizer (up 15 points).
Stocks that contributed positively include PSEL (up 20 points), DAWH (up 19 points), THALL (up 11 points), KEL (up 8 points) and GLAXO (up 8 points). Stocks that contributed negatively include HBL (down 24 points), PPL (down 21 points), OGDC (down 17 points), PSO (down 11 points) and LUCK (down 11 points).