Home »Stocks and Bonds » Pakistan » BRIndex100 shaves gains
Pakistan Stock Exchange Friday closed on a negative note as investors opted to book profits on available margins. BRIndex100 lost 2.6 points or 0.06 percent to close at 4,283.02 points. BRIndex100 touched intraday high of 4,297.68 and intraday low of 4,273.54 points. Volumes stood at 147.900 million shares.

BRIndex30 closed at 22,482.82 points, up 19.3 points or 0.09 percent with a turnover of 117.428 million shares.

The KSE-100 index declined by 24.38 points to close at 40,264.78 points. Trading activity remained thin as daily volumes on the ready counter decreased to 156.117 million shares as compared to 245.866 million shares traded Thursday.

The market capitalization declined by Rs 22 billion to Rs 8.051 trillion. Out of total 315 active scrips, 180 closed in negative, 124 in positive while the value of 11 stocks remained unchanged.

Bank of Punjab was the volume leader with 25.322 million shares. It gained Re 0.06 to close at Rs 13.24 followed by Pak International Bulk Terminal that lost Re 0.06 to close at Rs 11.95 with 18.644 million shares.

Millat Tractors and Glaxo Healthcare were the top gainers with Rs 17.18 and Rs 15.16, respectively to close at Rs 830.73 and Rs 318.41. Rafhan Maize and Indus Motor Co were the top losers with Rs 98.00 and Rs 38.13, respectively to close at Rs 6,802.00 and Rs 1,207.18.

BR Commercial Banks Index increased by 61.66 points or 0.71 percent to close at 8,732.94 points with total turnover of 34.960 million shares.

BR Cement Index lost 24.6 points or 0.59 percent to close at 4,140.12 points with 5.913 million shares.

BR Oil and Gas Index declined by 40.4 points or 0.82 percent to close at 4,914.09 points with 7.166 million shares.

BR Tech. & Comm. Index gained 3.54 points or 0.34 percent to close at 1,030.60 points with 12.262 million shares.

BR Power Generation and Distribution Index closed at 6,299.53 points, down 41.17 points or 0.65 percent with 8.053 million shares.

Maaz Mulla at JS Global Capital said that the market movements were reflective of a seesaw, where the KSE-100 index juggled between green and red, making an intraday low of minus 123 points and an intraday high of plus 91 points to close at 40,265 levels, down 24 points.

On the news front, the State Bank of Pakistan (SBP) confirmed that Pakistan has received $1.0 billion from UAE to help bridge country''s current account deficit. ISL (down 0.4 percent) from the steel sector declared its first half of FY19 result, where the company posted an EPS of Rs 4.02 and a cash payout of Rs 1.50 per share which came in line with our expectations.

Investors'' interest was witnessed in HBL (up 0.9 percent) and UBL (up 3.2 percent) from the banking space which cumulatively contributed plus 63 points to the index. Cement sector witnessed profit booking where FCCL (down 1.8 percent), PIOC (down 1.1 percent), DGKC (down 1.0 percent), CHCC (down 0.5 percent) and LUCK (down 0.7 percent) lost value to close in the red zone.

Copyright Business Recorder, 2019


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