KARACHI: Pakistan Stock Exchange on Thursday closed on negative note as the investors opted to book profit on available margins.

BRIndex100 lost 35.63 points or 1.01 percent to close at 3,505.00 points. During the session, the BRIndex-100 hit an intraday high of 3,540.63 and an intraday low of 3,502.74 points. Total volumes stood at 124.610 million shares.

BRIndex30 decreased by 265.59 points or 1.44 percent to close at 18,231.37 points with total turnover of 82.848 million shares.

KSE-100 index declined by 282.03 points or 0.82 percent and closed at 34,119.39 points. Daily trading volumes on ready counter increased to 143.642 million shares as compared to 129.951 million shares traded on Wednesday.

The foreign investors also remained net sellers of shares worth $1.0 million. Total market capitalization declined by Rs 55 billion to Rs 6.494 trillion. Out of total 341 active scrips, 223 closed in negative and only 93 in positive while the value of 25 stocks remained unchanged.

TRG Pak was the volume leader with 11.319 million shares however lost Re 0.82 to close at Rs 27.18 followed by Unity Foods that closed at Rs 12.80, down Rs 0.21 with 11.305 million shares. Philip Morris Pak and Wyeth Pak were the top gainers increasing by Rs 99.95 and Rs 63.00 respectively to close at Rs 1899.95 and Rs 903.00 while Nestle Pakistan and Indus Dyeing were the top losers declining by Rs 200.00 and Rs 44.13 respectively to close at Rs 6600.00 and Rs 546.02.

BR Automobile Assembler Index inched up by 1.62 points or 0.03 percent to close at 5,712.46 points with total turnover of 4.595 million shares.

BR Cement Index lost 42.36 points or 1.03 percent to close at 4,076.87 points with 11.892 million shares.

BR Commercial Banks Index plunged by 81.6 points or 1.18 percent to close at 6,851.10 points with 9.575 million shares.

BR Power Generation and Distribution Index declined by 62.91 points or 1.39 percent to close at 4,459.31 points with 15.852 million shares.

BR Oil and Gas Index decreased by 47.81 points or 1.29 percent to close at 3,668.12 points with 17.993 million shares.

BR Tech & Comm Index closed at 1,202.99 points, down 15.43 points or 1.27 percent with 18.096 million shares.

Danish Ladhani at JS Global Capital said the KSE-100 index closed on a bearish note shedding 282 points, down 0.8 percent to finally close at 34,119 levels. Market remained under pressure as profit taking was seen amidst lack of clarity on the budget due in the coming week.

Profit taking was seen in the E&Ps where POL (down 1.7 percent), PPL (down 2.0 percent) and OGDC (down 2.1 percent) closed in the negative trajectory.

In the Cements, LUCK (down 0.9 percent) was the major laggard as it closed in the red. Furthermore, ENGRO (down 0.4 percent), HUBC (down 1.9 percent), OGDC (down 2.1 percent), HUBC (down 1.9 percent), MCB (down 1.8 percent), PPL (down 2.0 percent), LUCK (down 0.9 percent), UBL (down 2.0 percent) and POL (down 1.7 percent) were the index shakers.

Copyright Business Recorder, 2020