KSE-100 Index mixed: BRIndex100 flat

Pakistan Stock Exchange Wednesday witnessed a mixed trend due to investors concerns over coronavirus spread.

BRIndex100 lost 4.15 points or 0.13 percent to close at 3,204.92 points. BRIndex100 touched intraday high of 3,277.08 and intraday low of 3,199.72 points. Volumes stood at 169.430 million shares.

BRIndex30 decreased by 88.28 points or 0.55 percent to close at 16,020.90 points with daily turnover of 123.640 million shares.

The KSE-100 Index closed on positive note at 31,242.19 points, up 19.45 points or 0.06 percent. Daily trading volumes on the ready counter increased to 185.594 million shares as compared to 130.415 million shares traded Tuesday.

The market capitalization declined by Rs 3 billion to Rs 5.919 trillion. Out of total 354 active scrips, 209 closed in positive, 131 in negative while the value of 14 stocks remained unchanged.

Maple Leaf was the volume leader with 22.514 million shares. It inched up by Re 0.03 to close at Rs 23.08 followed by Hascol Petroleum that lost Re 0.30 to close at Rs 14.46 with 10.924 million shares. Unilever Foods and Rafhan Maize were the top gainers with Rs 500.00 and Rs 170.00, respectively to close at Rs 7,600.00 and Rs 6,720.00. Nestle Pakistan and Sapphire Textile were the top losers with Rs 249.98 and Rs 54.36, respectively to close at Rs 5,560.02 and Rs 776.00.

BR Automobile Assembler Index decreased by 59.76 points or 1.28 percent to close at 4,592.69 points with total turnover of 1.184 million shares.

BR Cement Index increased by 58.84 points or 1.61 percent to close at 3,722.01 points with 61.975 million shares.

BR Commercial Banks Index lost 24.95 points or 0.36 percent to close at 6,927.84 points with 13.647 million shares.

BR Power Generation and Distribution Index closed at 4,132.66 points, down 15.48 points or 0.37 percent with 11.541 million shares.

BR Oil and Gas Index declined by 64.75 points or 2.06 percent to close at 3,075.11 points with 23.056 million shares.

BR Tech. & Comm. Index inched up by 9.32 points or 1.2 percent to close at 785.34 points with 9.750 million shares.

Danish Ladhani at JS Global Capital said that the stock market opened on a positive note this morning, making an intraday high and a low of plus 572 points and hit minus 41 points intra-day low level, to close at 31,242 points, up 19 points.

On the economic front the IMF expects negative 1.5 percent growth for Pakistan this year. On the oil front, oil prices in the international market plummeted during the trading session. However, ENGRO (up 0.3 percent), FFC (up 1.0 percent), LUCK (up 1.5 percent), BAHL (up 1.1 percent) and DAWH (up 7.5 percent) cumulatively contributed towards the positive index close.