PSX ends year on negative note: BRIndex100 stays depressed

Pakistan Stock Exchange ended on a negative note on the last trading day of the calendar year 2019 Tuesday due to selling pressure in the rollover week.

BRIndex100 lost 16.71 points or 0.39 percent to close at 4,248.32 points. BRIndex100 touched intraday high of 4,276.29 and intraday low of 4,246.15 points. Volumes stood at 156.242 million shares.

BRIndex30 closed at 22,397.29 points, down 18.23 points or 0.08 percent with a turnover of 106.818 million shares.

The KSE-100 Index declined by 152.55 points or 0.37 percent to close at 40,735.08 points. Trading activity slightly improved as daily volumes on the ready counter increased to 177.121 million shares as compared to 165.834 million shares traded Monday.

The market capitalization declined by Rs 25 billion to stand at Rs 7.811 trillion. Out of total 339 active scrips, 165 closed in negative, 156 in positive while the value of 18 stocks remained unchanged.

Unity Foods was the volume leader with 21.496 million shares. It gained Re 0.21 to close at Rs 16.11 followed by K-Electric that inched up by Re 0.02 to close at Rs 4.37 with 13.799 million shares. Indus Dyeing and Allawasaya Textile were the top gainers with Rs 22.00 and Rs 16.25, respectively to close at Rs 559.99 and Rs 341.25. Rafhan Maize and Nestle Pakistan were the top losers with Rs 59.90 and Rs 50.00, respectively to close at Rs 7,251.10 and Rs 8,050.00.

BR Automobile Assembler Index decreased by 48.14 points or 0.76 percent to close at 6,274.75 points with total turnover of 1.695 million shares.

BR Cement Index lost 12.17 points or 0.33 percent to close at 3,628.73 points with 14.439 million shares.

BR Commercial Banks Index declined by 104.26 points or 1.1 percent to close at 9,351.43 points with 19.600 million shares.

BR Power Generation and Distribution Index gained 38.78 points or 0.7 percent to close at 5,582.57 points with 22.521 million shares.

BR Oil and Gas Index closed at 4,756.10 points, down 19.89 points or 0.42 percent with 12.100 million shares.

BR Tech. & Comm. Index inched up by 12.28 points or 1.27 percent to close at 981.09 points with 15.252 million shares.

Danish Ladhani at JS Global Capital said that the Pak equities closed on a negative note with the KSE-100 Index shedding 152 points, closing at 40,735 levels, down 0.4 percent.

The market remained rangebound due to the rollover week and year end factor. ENGRO (down 1.8 percent), DAWH (down 1.7 percent), UBL (down 2.0 percent), PPL (down 0.8 percent), LUCK (down 0.6 percent), POL (down 0.7 percent), HBL (down 1.2 percent) and BAFL (down 1.2 percent) cumulatively contributed towards the negative index close.

Read Comments