PSX loses 27.90 points: the BRIndex100 ends flat – Markets

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KARACHI: The Pakistan Stock Exchange experienced a mixed trend on Friday as investors remained cautious and avoided taking new positions.

The BRIndex100 closed at 4,707.10 points, up 8.8 points or 0.19%. During the session, the BRIndex100 hit an intraday high of 4,728.37 points and an intra-day low of 4,654.25 points. Total volumes amounted to 220.584 million shares.

BRIndex30 gained 35.38 points or 0.16% to close at 22,589.98 points with total daily revenue of 133.369 million shares. The KSE-100 index lost 27.90 points or 0.06% and closed at 44,871.70 points. Trading activity remained weak as daily volumes on the loan meter declined to 267.051 million shares from 372.433 million shares traded on Thursday.

Foreign investors also remained net sellers of stocks worth $ 3,800 million. The total market capitalization, however, increased by 4 billion rupees to 7,808 billion rupees. Out of a total of 561 active scripts, 368 closed positive and 178 closed while the value of 15 shares remained unchanged.

TPL Corp was the volume leader with 15.304 million shares and gained Rs 0.05 to close at Rs 20.42 followed by Byco Petroleum which closed at Rs 8.20, up Rs 0.02 to 14.237 million actions. Colgate Palmolive and Sapphire Textile were the main winners, increasing by Rs 92.88 and Rs 51.00 respectively to close at Rs 2299.99 and Rs 1050.00 while Nestlé Pakistan and Sapphire Fiber were the main losers, falling by Rs 125.80 and Rs 59.76 respectively to close at Rs 5910.00 and Rs. 740.24.

The BR Automobile Assembler index rose 54.66 points or 0.63% to close at 8,684.94 points with total sales of 1.329 million shares.

The BR Cement index lost 52.59 points or 0.89% to close at 5,889.76 points with 11.425 million shares.

The BR Commercial Banks index gained 13.55 points or 0.15% to close at 9,342.96 points with 22.458 million shares.

The BR Power Generation and Distribution index fell 23.74 points or 0.43% to close at 5,487.51 points with 15.869 million shares.

The BR Oil and Gas index closed at 3,737.44 points, down 1.78 points or 0.05% to 26.315 million shares.

BR Tech. & Comm. The index fell 7.66 points or 0.16% to close at 4,739.85 points with 59.814 million shares.

Maaz Mulla of JS Global Capital said the local exchange witnessed activity from a distance as the KSE-100 index moved between 45,003 and 44,600 points. The KSE-100 index finally closed at 44,872, down 28 points. Volume traded was 267 million shares, TPL (up 0.2%), BYCO (up 0.2%), HASCOL (up 8.5%), ASL (up 3.7%) and WTL (up 2.2%) being the main contributors.

Copyright Business Recorder, 2021


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