Pakistan Stock Exchange Monday remained under pressure due to selling by local and foreign investors. BRIndex100 lost 8.78 points or 0.2 percent to close at 4,476.69 points. BRIndex100 touched intraday high of 4,499.94 and intraday low of 4,467.26 points. Volumes stood at 175.173 million shares. BRIndex30 declined by 131.55 points or 0.56 percent to close at 23,383.50 points with a turnover of 131.000 million shares.
The KSE-100 Index decreased by 93.79 points or 0.22 percent to close at 42,539.23 points. Volumes on the ready counter increased to 198.479 million shares as compared to 173.043 million shares traded last Friday. Foreign investors remained net sellers of shares worth $0.2 million. Out of total 350 active scrips, 169 closed in negative, 166 in positive while the value of 15 stocks remained unchanged. Maple Leaf was the volume leader with 25.961 million shares. It gained Rs 1.29 to close at Rs 24.83 followed by Pak International Bulk Terminal that inched up by Re 0.46 to close at Rs 11.83 with 25.183 million shares.
Gatron Industries and Mehmood Textile were the top gainers with Rs 28.00 and Rs 25.00, respectively to close at Rs 539.00 and Rs 488.00. Unilever Foods and Shezan International were the top losers with Rs 49.00 and Rs 29.99, respectively to close at Rs 7,601.00 and Rs 519.00.
BR Automobile Assembler Index increased by 52.18 points or 0.86 percent to close at 6,136.71 points with total turnover of 2.203 million shares. BR Cement Index gained 29.29 points or 0.74 percent to close at 3,999.30 points with 66.147 million shares.
BR Commercial Banks Index lost 12.52 points or 0.12 percent to close at 10,182.48 points with 9.556 million shares. BR Power Generation and Distribution Index declined by 60.18 points or 1.03 percent to close at 5,775.29 points with 5.140 million shares.
BR Oil and Gas Index decreased by 55.32 points or 1.11 percent to close at 4,918.85 points with 5.878 million shares. BR Tech. & Comm. Index closed at 1,032.22 points, up 3.91 points or 0.38 percent with 17.312 million shares.
Maaz Mulla at JS Global Capital said that the local bourse started the week with volatility, where the KSE-100 Index juggled between green and red, making an intraday high of plus 106 points and a low of minus 161 points to close at 42,539 levels, down 94 points.
A rally was witnessed in the cement sector where CHCC (up 3.2 percent), MLCF (up 5.5 percent), PIOC (up 3.9 percent) and KOHC (up 5.5 percent) closed in the green zone while LUCK (down 0.9 percent) closed red.
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