KARACHI: After witnessing a mixed trend, Pakistan Stock Exchange Friday closed on a negative note as investors opted to book profit on available margins.

BRIndex100 lost 19.26 points or 0.44 percent to close at 4,375.94 points. BRIndex100 hit intraday high of 4,410.95 and intraday low of 4,359.27 points. Volumes stood at 670.777 million shares.

BRIndex30 decreased by 138.69 points or 0.61 percent to close at 22,749.83 points with total daily turnover of 436.761 million shares.

The KSE-100 Index declined by 165.11 points or 0.39 percent to close at 42,023.00 points. Trading activities remained low as daily volumes on ready counter decreased to 758.076 million shares as compared to 919.471 million shares traded on Thursday.

Foreign investors also remained net sellers of shares worth $2.780 million. Total market capitalization declined by Rs 11 billion to Rs 7.854 trillion. Out of total 419 active scrips, 224 closed in negative and 180 in positive while the value of 15 stocks remained unchanged.

Hascol Petroleum was the volume leader with 73.163 million shares and increased by Rs 1.50 to close at Rs 21.54 followed by Fauji Foods that gained Rs 1.13 to close at Rs 16.23 with 51.655 million shares. Unilever Foods and Rafhan Maize were the top gainers increasing by Rs 367.00 and Rs 92.50 respectively to close at Rs 12500.00 and Rs 8192.50 while Nestle Pakistan and J.D.W. Sugar were the top losers declining by Rs 65.00 and Rs 18.37 respectively to close at Rs 6310.00 and Rs 226.63.

BR Automobile Assembler Index lost 44.01 points or 0.55 percent to close at 7,991.47 points with total turnover of 5.748 million shares.

BR Cement Index fell by 33.89 points or 0.57 percent to close at 5,887.91 points with 86.851 million shares.

BR Commercial Banks Index decreased by 51.93 points or 0.61 percent to close at 8,425.98 points with 82.352 million shares.

BR Power Generation and Distribution Index declined by 115.27 points or 2.2 percent to close at 5,133.02 points with 33.676 million shares.

BR Oil and Gas Index gained 4.85 points or 0.11 percent to close at 4,256.06 points with 96.819 million shares.

BR Tech. & Comm. Index inched up by 15.23 points or 0.79 percent to close at 1,949.71 points with 62.829 million shares.

Maaz Mulla at JS Global Capital said that profit booking was witnessed at the local bourse as the KSE-100 Index largely remained in the red trajectory. The index made an intraday high of plus 104 points and intraday low of minus 264 points to close at 42,023 levels down 165 points.

Major laggards of the index were HUBC (down 2.8 percent), UBL (down 1.8 percent), LUCK (down 1.2 percent), TRG (down 2.1 percent), NBP (down 2.4 percent) and PSO (down 1.1 percent).

Moreover, cements and banking sector closed in the red zone where CHCC (down 1.7 percent), LUCK (down 1.2 percent), POWER (down 2.3 percent), ABL (down 1.3 percent), NBP (down 2.4 percent), UBL (down 1.8 percent), BAFL (down 0.5 percent) and MCB (down 0.6 percent) were the major loser of the mentioned sector.

Steel sector performed opposite to the declining trend where ISL (up 5.2 percent), INIL (up 4.8 percent), ITTEFAQ (up 4.6 percent) and ASTL (up 2.6 percent) closed higher than their previous day close.

Copyright Business Recorder, 2020