RECORDER REPORT

KARACHI: Pakistan Stock Exchange witnessed another bearish session due to continuous selling in various stocks.

BRIndex100 lost 24.32 points or 0.51 percent to close at 4,752.81 points Friday. BRIndex100 touched intraday high of 4,778.22 and intraday low of 4,747.83 points. Volumes stood at 113.129 million shares.

BRIndex30 decreased by 58.64 points or 0.24 percent to close at 24,017.48 points with a turnover of 65.603 million shares.

The benchmark KSE-100 index declined by 209.73 points or 0.47 percent to close the week at 44,536.91 points. Daily trading volumes on the ready counter stood at 139.667 million shares as compared to 144.231 million shares traded Thursday.

Foreign investors remained net sellers of shares worth $1.3 million. The market capitalization declined by Rs 59 billion to Rs 9.180 trillion. Out of total 365 active scrips, 172 closed in positive, 171 in negative while the value of 22 stocks remained unchanged.

Bank of Punjab was the volume leader with 21.092 million. It gained Re 0.28 to close at Rs 12.25 followed by Unity Foods that lost Rs 1.22 to close at Rs 30.44 with 13.208 million shares.

Island Textile and Siemens Pak were the top gainers with Rs 54.56 and Rs 52.31, respectively to close at Rs 1,145.76 and Rs 1,098.66. Unilever Foods and Colgate Palmolive were the top losers with Rs 345.00 and Rs 154.00, respectively to close at Rs 8,100.00 and Rs 2,960.00.

BR Commercial Banks Index declined by 93.03 points or 1.04 percent to close at 8,864.19 points with a turnover of 25.703 million shares.

BR Cement Index decreased by 40.39 points or 0.7 percent to close at 5,709.65 points with 12.941 million shares.

BR Oil and Gas Index lost 4.58 percent or 0.08 percent to close at 5,463.74 points with 3.260 million shares.

BR Tech. & Comm. Index gained 3.47 points or 0.29 percent to close at 1,202.21 points with 7.375 million shares.

BR Power Generation and Distribution Index closed at 6,693.03 points, up 60.5 points or 0.91 percent with 2.674 million shares.

Ahsan Mehanti at Arif Habib Corporation said that the sell-off continued in thin activity amid post earnings season profit taking in blue-chip scrips across the board. Upbeat data on cement sales for July-April 2018 failed to support weak sentiments. He said foreign outflows; global equities sell-off, dismal data on CPI inflation at 3.7 percent in April 2018 and concern for FED raise for the cement sector in the federal budget played a catalytic role in bearish close.