KARACHI: Pakistan Stock Exchange witnessed mixed trend on the last day of the week as the investors remained cautious to take fresh positions.

BRIndex100 gained 5.22 points or 0.13 percent to close at 3,876.59 points on Friday. During the session, the BRIndex-100 hit an intraday high of 3,908.47 and an intraday low of 3,831.55 points. Total volumes stood at 248.614 million shares.

BRIndex30 lost 44.94 points or 0.23 percent to close at 19,807.39 points with total daily turnover of 163.050 million shares.

KSE-100 index inched up by 29.41 points or 0.08 percent and closed at 37,607.62 points. Trading activities remained thin as daily volumes on ready counter decreased to 266.531 million shares as compared to 379.281 million shares traded on Thursday.

The foreign investors remained net sellers of shares worth $1.369 million. Total market capitalization declined by Rs 12 billion to Rs 7.072 trillion. Out of total 373 active scrips, 201 closed in negative and 158 in positive while the value of 14 stocks remained unchanged.

Unity Foods was the volume leader with 21.638 million shares and gained Re 0.09 to close at Rs 12.72 followed by K-Electric that lost Re 0.08 to close at Rs 3.16 with 16.837 million shares. Atlas Honda Limited and Thal Ind Corp were the top gainers increasing by Rs 23.41 and Rs 17.05 respectively to close at Rs 405.91 and Rs 278.00 while Unilever Foods and Sapphire Textile were the top losers declining by Rs 320.00 and Rs 69.99 respectively to close at Rs 9230.00 and Rs 900.00.

BR Automobile Assembler Index gained 32.7 points or 0.46 percent to close at 7,127.15 points with total turnover of 9.436 million shares.

BR Cement Index declined by 66.51 points or 1.36 percent to close at 4,834.60 points with 24.099 million shares.

BR Commercial Banks Index surged by 189.2 points or 2.57 percent to close at 7,562.28 points with 33.363 million shares.

BR Power Generation and Distribution Index plunged by 64.57 points or 1.39 percent to close at 4,597.01 points with 24.244 million shares.

BR Oil and Gas Index decreased by 47.08 points or 1.19 percent to close at 3,902.12 points with 26.108 million shares.

BR Tech & Comm Index closed at 1,466.32 points, down 0.9 points or 0.06 percent with 23.331 million shares.

Maaz Mulla at JS Global Capital said that the PSX KSE-100 index blew both hot and cold, making an intra-day high of plus 285 points and stooping to a low of minus 319 points, to finally close at 37,607 levels, up 29 points.

A rally was witnessed in the banking sector where HBL (up 4.5 percent), UBL (up 3.7 percent), BOP (up 2.2 percent), BAHL (up 2.3 percent) and MCB (up 1.6 percent) gained to close higher.

Moreover HBL announced its first half of CY20 posting an EPS of Rs 10.32 per share. HCAR (up 1.5 percent) from the auto sector declared its first quarter of FY20 result where the company posted a loss of Rs 3.58 per share.

Cement sector continued its profit booking zone where FCCL (down 1.5 percent), LUCK (down 1.6 percent), CHCC (down 1.7 percent) and MLCF (down 1.5 percent) lost value to close in the red zone.

Copyright Business Recorder, 2020