BRIndex100 sheds 43.74 points

RECORDER REPORT

KARACHI: The investors Monday preferred to book profit on available margins on the first day of the week that forced the bourse to close on a negative note.

BRIndex100 lost 43.74 points or 1.2 percent to close at 3,587.39 points. BRIndex100 touched intraday high of 3,653.37 and intraday low of 3,581.53 points. Volumes stood at 130.712 million shares.

BRIndex30 decreased by 238.69 points or 1.24 percent to close at 18,948.95 points with a turnover of 92.554 million shares.

The KSE-100 Index declined by 289.43 points or 0.84 percent to close at 34,186.26 points. Trading activity remained low as daily volumes on the ready counter decreased to 137.932 million shares as compared to 287.100 million shares traded Friday.

Foreign investors however remained net buyers of shares worth $0.9 million. The market capitalization declined by Rs 37 billion to stand at Rs 6.734 trillion. Out of total 371 active scrips, 244 closed in negative, 103 in positive while the value of 24 stocks remained unchanged.

WorldCall Telecom was the volume leader with 14.251 million shares. However, it lost Re 0.05 to close at Rs 1.06 followed by TRG Pak that decreased by Re 0.94 to close at Rs 15.85 with 11.608 million shares. Rafhan Maize and Unilever Foods were the top gainers with Rs 325.50 and Rs 305.98, respectively to close at Rs 6,835.50 and Rs 6,425.95. Bhanero Textile and Pak Tobacco were the top losers with Rs 43.66 and Rs 21.00, respectively to close at Rs 850.01 and Rs 2,399.00.

BR Automobile Assembler Index decreased by 56.97 points or 1.13 percent to close at 5,006.38 points with total turnover of 515,220 shares.

BR Cement Index declined by 75.92 points or 2.47 percent to close at 2,992.94 points with 17.672 million shares.

BR Commercial Banks Index plunged by 118 points or 1.44 percent to close at 8,063.88 points with 10.515 million shares.

BR Power Generation and Distribution Index gained 9.58 points or 0.2 percent to close at 4,768.86 points with 6.878 million shares.

BR Oil and Gas Index inched up by 4.42 points or 0.11 percent to close at 3,956.66 points with 8.548 million shares.

BR Tech. & Comm. Index closed at 741.25 points, down 17.35 points or 2.29 percent with 30.798 million shares.

Danish Ladhani at JS Global Capital said that the Pakistan equities closed on a negative note with the KSE-100 Index shedding 289 points.

In the Financials, HBL (down 1.9 percent), UBL (down 1.2 percent) and MCB (down 1.7 percent) big banks came under the hammer as they closed in the negative zone. Furthermore, in the Fertilizers ENGRO (down 0.8 percent) and FFC (down 0.7 percent) closed in the negative zone as well.

Mixed sentiments were seen in E&Ps as OGDC (up 0.9 percent) closed in the green but PPL (down 0.4 percent) and POL (down 1.1 percent) closed in the red trajectory.