BRIndex100 sheds 27.71 points
RECORDER REPORT
KARACHI: Despite foreign buying, Pakistan Stock Exchange witnessed a bearish trend on second consecutive day Tuesday due to selling in various sectors, mainly by local investors.
BRIndex100 lost another 27.71 points or 0.77 percent to close at 3,584.34 points. BRIndex100 touched intraday high of 3,607.07 and intraday low of 3,558.94 points. Volumes stood at 132.218 million shares.
BRIndex30 decreased by 67.81 points or 0.37 percent to close at 18,338.39 points with total turnover of 89.167 million shares.
The KSE-100 index declined by 281.33 points or 0.82 percent to close at 34,190.62 points. Daily trading volumes on the ready counter increased to 144.849 million shares as compared to 78.764 million shares traded Monday.
Foreign investors however remained net buyers of shares worth $0.9 million. The market capitalization declined by Rs 61 billion to Rs 6.906 trillion. Out of total 343 active scrips, 193 closed in negative, 118 in positive while the value of 32 stocks remained unchanged.
K-Electric was the volume leader with 21.355 million shares. However,. it lost Re 0.04 to close at Rs 4.21 followed by Maple Leaf that decreased by Re 0.32 to close at Rs 23.81 with 10.816 million shares. Philip Morris Pak and Bata Pak were the top gainers with Rs 148.13 and Rs 64.00, respectively to close at Rs 3,966.66 and Rs 1,400.00. Nestle Pakistan and Unilever Foods were the top losers declining by Rs 232.18 and Rs 165.00, respectively to close at Rs 6,685.32 and Rs 5,500.00.
BR Automobile Assembler Index declined by 63.95 points or 1.09 percent to close at 5,782.45 points with total turnover of 786,040 shares.
BR Cement Index decreased by 36.44 points or 1.2 percent to close at 3,011.09 points with 27.961 million shares.
BR Commercial Banks Index plunged by 51.21 points or 0.63 percent to close at 8,077.84 points with 10.931 million shares.
BR Power Generation and Distribution Index closed at 4,926.81 points, down 43.18 points or 0.87 percent with 23.499 million shares.
BR Oil and Gas Index decreased by 23.98 points or 0.59 percent to close at 4,056.60 points with 5.872 million shares.
BR Tech. & Comm. Index lost 10.99 points or 1.42 percent to close at 762.96 points with 24.255 million shares.
An analyst at Topline Securities said that the KSE-100 index extended losses for second consecutive day and went down by 0.82 percent in the session as likely increase in gas price weighed on investors sentiments to take fresh entry in equities as most of sectors will not be able to pass on higher cost of production to consumers amidst lower aggregate demand.
During the intraday, index fell below 34,000 level making equities attractive enough as market rebounded by recovering over 200 points to close at 34,191.
