Slightly higher KSE-100 index: BRIndex100 extends its losses – Markets


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

BRIndex100 lost 5.0 points or 0.1% to close at 5,089.31 points. The BRIndex100 hit an intraday high of 5,123.64 points and an intraday low of 5,082.65 points. Total volumes amounted to 344.302 million shares.

BRIndex30 fell 62.71 points or 0.25% to close at 25,072.28 points with total daily revenue of 218.034 million shares.

The KSE-100 index closed at 46,957.47 points, up 54.41 points or 0.12%. Trading activity remained weak as daily volumes on the loan meter declined to 464.978 million shares from 544.434 million shares traded on Thursday.

Foreign investors remained net sellers of shares valued at $ 324,227. Out of a total of 526 active scripts, 311 closed negative and 201 closed positive while the value of 14 shares remained unchanged.

Service Fab (R) was the volume leader with 83.570 million shares but lost Rs 0.98 to close at Rs 4.87 followed by WorldCall Telecom which gained Rs 0.05 to close at Rs 3.55 with 50,600 million shares. Unilever Foods and Allawasaya Textile were the main winners, increasing by Rs 372.63 and Rs 65.52 respectively to close at Rs 22,096.00 and Rs 939.17 while Wyeth Pak and Indus Motor Co were the main losers, decreasing of Rs 30.00 and Rs 23.62 respectively to close at Rs 1700.00 and Rs 1295.01.

The BR Automobile Assembler index fell 120.14 points or 1.26% to close at 9,445.01 points with total sales of 2.051 million shares.

The BR Cement index lost 9.33 points or 0.14% to close at 6,810.17 points with 10.822 million shares.

The BR Commercial Banks Index closed at 9,307.47 points, down 8.04 points or 0.09% to 14.909 million shares.

The BR Power Generation and Distribution index gained 22.39 points or 0.4% to close at 5,626.78 points with 8.186 million shares.

The BR Oil and Gas index fell 15.1 points or 0.39% to close at 3,897.31 points with 12.522 million shares.

BR Tech. & Comm. The index jumped 109.98 points or 2.26% to close at 4,968.14 points with 134.853 million shares.

Ahsan Mehanti of Arif Habib Corporation said stocks were showing a rally amid soaring global equities and global crude oil prices and bullish data on POL sales up 22% yoy from July to August 2021.

He said soaring local prices for cement, steel and fertilizers, firm S&P notes on debt with a stable outlook, speculation over the likely EU approval of GSP status plus the exports played a catalytic role in the positive close.

Copyright Business Recorder, 2021

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