RECORDER REPORT
KARACHI: A bearish trend continued on Pakistan Stock Exchange due to selling in various sectors.
BRIndex100 lost 59.94 points or 1.24 percent to close at 4,777.13 points on Thursday. BRIndex100 touched intraday high of 4,837.34 points and intraday low of 4,754.76 points. Volumes stood at 116.392 million shares.
BRIndex30 decreased by 377.28 points or 1.54 percent to close at 24,076.12 points with a turnover of 76.238 million shares.
The benchmark KSE-100 index declined by 449.73 points or 1.00 percent to close at 44,746.64 points. Daily trading volumes stood at 144.231 million shares as compared to 131.211 million shares traded Wednesday.
Foreign investors remained net sellers of shares worth $3.0 million. The market capitalization declined by Rs 81 billion to Rs 9.239 trillion. Out of total 370 active scrips, 274 closed in negative, only 80 in positive while the value of 16 stocks remained unchanged.
Bank of Punjab was the volume leader with 14.115 million shares. However, it decreased by Re 0.24 to close at Rs 11.97 followed by Lotte Chemical that lost Re 0.40 to close at Rs 11.26 with 10.749 million shares. Rafhan Maize and Siemens Pak were the top gainers with Rs 150.00 and Rs 43.98, respectively to close at Rs 7,900.00 and Rs 1,046.35. Sapphire Textile and Khyber Tobacco were the top losers with Rs 41.63 and Rs 38.11, respectively to close at Rs 1,848.22 and Rs 724.25.
BR Commercial Banks Index plunged by 129.48 points or 1.42 percent to close at 8,957.22 points with a turnover of 22.154 million shares.
BR Cement Index lost 16.84 points or 0.29 percent to close at 5,750.04 points with 12.946 million shares.
BR Oil and Gas Index decreased by 45.15 points or 0.82 percent to close at 5,468.32 points with 5.041 million shares.
BR Tech. & Comm. Index closed at 1,198.74 points, down 15.67 points or 1.29 percent with 10.156 million shares.
BR Power Generation and Distribution Index declined by 96.08 points or 1.43 percent to close at 6,632.53 points with 4.562 million shares.
An analyst at Topline Securities said that concerns on federal budget continued to dent index for the third consecutive day and took benchmark index to 28 session low, snatching 1.0 percent from Wednesday’s to close at 44,747 index level.
Among sectors, commercial banks remained top laggard and eroded 181 points from index followed by Fertilizer 63 points and E&Ps 60 points.
Top 5 scrips including HBL (down 3.2 percent), UBL (down 2.5 percent), PPL (down 1.9 percent), DAWH (down 1.5 percent) and MCB (down 0.9 percent) contributed 220 points to the index decline whereas stocks including LUCK (up 0.4 percent), SHFA (up 2.2 percent), NATF (up 1.0 percent), FCCL (up 0.3 percent) and ABOT (up 0.4 percent) added 16 points to the index gain.
