KSE-100 Index down 99.37 points: BRIndex100 retreats

Pakistan Stock Exchange Thursday closed on a negative note following selling in various sectors. BRIndex100 lost 12.26 points or 0.37 percent to close at 3,336.10 points. BRIndex100 touched intraday high of 3,361.82 and intraday low of 3,328.31 points. Volumes stood at 65.848 million shares. BRIndex30 closed on at 17,118.86 points, up 3.83 points or 0.02 percent with a turnover of 47.908 million shares.
The KSE-100 Index declined by 99.37 points or 0.31 percent to close at 31,839.11 points. Daily trading volumes on the ready counter stood at 70.658 million shares as compared to 70.223 million shares traded Wednesday. Foreign investors remained net sellers of shares worth $0.2 million. The market capitalization declined by Rs 19 billion to Rs 6.365 trillion. Out of the 344 active scrips, 195 closed in negative, 126 in positive while the value of 23 stocks remained unchanged.
Maple Leaf was the volume leader with 10.589 million shares. However, it lost Re 0.54 to close at Rs 17.00 followed by TRG Pak that closed at Rs 12.32, down Re 0.13 with 5.354 million shares. Packages Limited and Hinopak Motor were the top gainers with Rs 13.42 and Rs 12.17, respectively to close at Rs 297.45 and Rs 298.00. Nestle Pakistan and Sapphire Fiber were the top losers with Rs 200.00 and Rs 48.78, respectively to close at Rs 5,500.00 and Rs 946.00.
BR Automobile Assembler Index gained 13.71 points or 0.26 percent to close at 5,217.77 points with total turnover of 1.203 million shares. BR Cement Index inched up by 11.33 points or 0.42 percent to close at 2,729.79 points with 21.755 million shares.
BR Commercial Banks Index decreased by 29.95 points or 0.38 percent to close at 7,788.68 poinnts with 2.951 million shares BR Power Generation and Distribution Index fell by 25.57 points or 0.58 percent to close at 4,364.23 points with 3.474 million shares.
BR Oil and Gas Index closed at 3,709.84 points, down 13.79 points or 0.37 percent with 3.193 million shares. BR Tech. & Comm. Index lost 5.13 points or 0.77 percent to close at 659.53 points with 7.178 million shares. Maaz Mulla at JS Global Capital said that Pakistan equities closed on a negative note with the KSE-100 Index shedding 99 points, closing at 31,839 levels.
The local bourse made high of plus 122 points but in the latter hours came in the negative territory making low of negative 158 points. Mixed sentiments were seen in the Financials where big banks HBL (down 0.2 percent) and MCB (down 1.1 percent) closed in the negative zone but UBL (up 0.3 percent) closed in the positive territory.
Mixed sentiments were also witnessed in the E&Ps where OGDC (up 0.1 percent) and POL (up 0.8 percent) closed in the green zone. PPL (down 1.6 percent) closed in the red zone as the Oil prices fell in the international market despite fall in U.S. crude inventories. LUCK (down 0.4 percent) was the major laggard in the Cements where DGKC (down 1.0 percent) and MLCF (down 3.1 percent) closed negative as well.