BRIndex100 flat

Pakistan Stock Exchange Friday witnessed a mixed trend following investor concerns over depreciating Pak rupee against the dollar.
BRIndex100 lost 1.42 points or 0.04 percent to close at 3,940.79 points BRIndex100 touched intraday high of 3,955.50 and intraday low of 3,921.80 points. Volumes stood at 64.403 million shares.
BRIndex30 closed at 20,162.92 points, up 96.3 points or 0.48 percent with a turnover of 47.651 million shares.
The KSE-100 index gained 5.69 points to close at 37,521.81 points. Daily trading volumes decreased to 101.739 million shares as compared to 127.962 million shares traded Thursday.
Foreign investors remained net sellers of shares worth $1.9 million. The market capitalization increased by Rs 62 billion to Rs 7.690 trillion. Out of total 319 active scrips, 155 closed in positive, 148 in negative while the value of 16 stocks remained unchanged.
Interloop Limited was the volume leader on the first day of its formal trading with 14.321 million shares. It gained Re 0.05 to close at Rs 46.15 followed by Unity Foods (R) that lost Re 0.15 to close at Rs 3.76 with 13.744 million shares. Nestle Pakistan and Island Textile were the top gainers with Rs 230.05 and Rs 82.00, respectively to close at Rs 7,294.40 and Rs 1,849.00. Wyeth Pak and Murree Brewery were the top losers with Rs 14.96 and Rs 13.00, respectively to close at Rs 922.37 and Rs 782.00.
BR Commercial Banks Index decreased by 27.76 points or 0.34 percent to close at 8,186.76 points with total turnover of 7.427 million shares.
BR Cement Index gained 8.84 points or 0.24 percent to close at 3,768.63 points with 7.865 million shares.
BR Oil and Gas Index inched up by 3.61 points or 0.08 percent to close at 4,620.26 points with 3.947 million shares.
BR Tech. & Comm. Index closed at 908.92 points, down 1.66 points or 0.18 percent with 12.220 million shares.
BR Power Generation and Distribution Index increased by 38.83 points or 0.75 percent to close at 5,202.85 points with 9.474 million shares.
An analyst at Arif Habib Limited said after Thursday''s slide of 500 points, the KSE-100 index traded did slip another 209 points during the day but closed positive 5.69 points. Interloop Limited (ILP) debuted at PSX with 14.3 million traded volumes and closed slightly below its opening/subscription price of 46.10.
Investors didn''t take much interest in blue chips, which is evident from the fact that none of the blue chips find place in top 10 volumes chart. Altogether, mainstream sectors like Cement and Banks ranked 4th and 5th in terms of traded volume. FM''s clarification regarding rupee-dollar parity failed to entice investors and overall investor sentiment remained low.
Sectors contributing to the performance include Banks (down 26 points), Pharma (down 7 points), Chemical (down 7 points), E&P (up 10 points) and Engineering (up 9 points).
Stocks that contributed positively include NESTLE (up 11 points), MARI (up 9 points), PAKT (up 9 points), EFERT (up 8 points) and KEL (8 points). Stocks that contributed negatively include MCB (down 17 points), KAPCO (down 10 points), HBL (down 8 points), FABL (down 6 points) and FFC (down 6 points).