Pakistan Stock Exchange Tuesday witnessed a mixed trend. It closed on a negative note due to selling in various sectors at the fag end. BRIndex100 lost 5.31 points or 0.16 percent to close at 3,347.41 points. BRIndex100 touched intraday high of 3,377.79 and intraday low of 3,332.39 points. Volumes stood at 116.542 million shares.
BRIndex30 closed at 17,633.97 points, up 150.96 points or 0.86 percent with a turnover of 80.042 million shares.
The KSE-100 Index, after oscillating between 32,105.03 points intra-day high and 31,771.44 points intra-day low, closed at 31,908.92 points, down 19.63 points or 0.06 percent. Daily trading volumes increased to 122.012 million shares as compared to 104.605 million shares traded Monday.
The market capitalization declined by Rs 5 billion to Rs 6.381 trillion. Out of total 363 active scrips, 174 closed in positive, 170 in negative while the value of 19 stocks remained unchanged.
Pak Elektron was the volume leader with 16.754 million shares. It gained Re 0.67 to close at Rs 16.81 followed by Maple Leaf that lost Re 0.14 to close at Rs 16.35 with 10.262 million shares.
Bata Pak and Pak Services were the top gainers with Rs 60.00 and Rs 40.00, respectively to close at Rs 1,260.00 and Rs 1,060.00. Nestle Pakistan and Gatron Industries were the top losers with Rs 247.24 and Rs 23.35, respectively to close at Rs 5,642.76 and Rs 443.65.
BR Automobile Assembler Index lost 10.16 points or 0.21 percent to close at 4,795.08 points with total turnover of 1.502 million shares.
BR Cement Index decreased by 46.26 points or 1.67 percent to close at 2,718.68 points with 25.541 million shares.
BR Commercial Banks Index inched up by 14.79 points or 0.19 percent to close at 7,684.28 points with 9.061 million shares.
BR Power Generation and Distribution Index fell by 35.78 points or 0.81 percent to close at 4,389.99 points with 11.638 million shares.
BR Oil and Gas Index closed at 3,644.96 points, up 15.53 points or 0.43 percent with 11.437 million shares. BR Tech. & Comm. Index gained 8.04 points or 1.24 percent to close at 658.73 points with 7.959 million shares.
An analyst at Arif Habib Limited said that the market traded in a narrow range with an oscillation of 337 points between plus 178 points and minus 159 points.
Higher international crude prices managed to secure interest of investors in E&P & Refinery sectors, though OMCs saw profit booking. Besides, Banking sector scrips helped the Index to stay relatively positive and somewhat shielded the index from Cement sector onslaught that saw LUCK's rates declining significantly in MoC. LUCK closed near day's low, near lower circuits. With the exception of DGKC, which managed to post decent gains as compared to LDCP, other Cement sector scrips saw selling pressure.
Cement Sector again managed to post high volumes with 25.5 million shares, followed by Cable (16.9 million shares) and Power (11.6 million shares).
Sectors contributing to the performance include E&P (up 35 points), Miscellaneous (up 21 points), Banks (up 17 points), Fertilizer (down 36 points), Cement (down 30 points) and Power (down 21 points).
Stocks that contributed positively include HBL (up 35 points), UBL (up 30 points), PSEL (up 21 points), PPL (up 20 points) and EFERT (up 11 points). Stocks that contributed negatively include LUCK (down 35 points), BAHL (down 26 points), FFC (down 20 points), ENGRO (down 20 points) and HUBC (down 17 points).
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