PSX update today 25th April 2020-Stock ends on a negative note

Pakistan Stock Exchange Friday after moving both ways settled on a negative note. BRIndex100 lost 8.49 points or 0.25 percent to close at 3,369.49 points.

BRIndex100 touched intraday high of 3,405.87 and intraday low of 3,363.95 points. Volumes stood at 107.987 million shares. BRIndex30 decreased by 64.63 points or 0.38 percent to close at 16,987.59 points with a turnover of 77.778 million shares.

The KSE-100 Index declined by 44.45 points or 0.14 percent to close at 32,806.38 points. Trading activity remained very thin as daily volumes on the ready counter decreased to 120.578 million shares as compared to 204.362 million shares traded Thursday.

The market capitalization declined by Rs 25 billion to Rs 6.167 trillion. Out of total 332 active scrips, 209 closed in negative, 101 in positive while the value of 22 stocks remained unchanged.

Hascol Petroleum was the volume leader with 14.338 million shares. However, it lost Re 0.33 to close at Rs 14.60 followed by Maple Leaf that gained Re 0.15 to close at Rs 26.87 with 14.169 million shares.

Unilever Foods and Sapphire Fiber were the top gainers with Rs 441.75 and Rs 45.24, respectively to close at Rs 7,999.00 and Rs 653.75. Philip Morris Pak and Pak Tobacco were the top losers with Rs 156.52 and Rs 58.33, respectively to close at Rs 1,930.47 and Rs 1,629.67.

BR Automobile Assembler Index gained 22.17 points or 0.43 percent to close at 5,132.24 points with total turnover of 438,900 shares.

BR Cement Index lost 29.21 points or 0.7 percent to close at 4,164.07 points with 30.020 million shares.

BR Commercial Banks Index closed at 6,877.67 points, up 0.04 points with 7.479 million shares.

BR Power Generation and Distribution Index surged by 44.41 points or 1.03 percent to close at 4,369.30 points with 15.668 million shares.

BR Oil and Gas Index inched up by 1.46 points or 0.05 percent to close at 3,224.01 points with 26.276 million shares.

BR Tech. & Comm. Index increased by 6.46 points or 0.75 percent to close at 864.66 points with 7.316 million shares.

Ahsan Mehanti at Arif Habib Corporation said that the stocks closed lower amid pressure in select scrips across the board on economic uncertainty and concerns over Moody’s report projecting fiscal deficit at 9.5-10 percent in FY20 amid virus outbreak. He said that dismal quarterly financial results in cement, autos and fertilizer sector, sell-off in Asian equities, World Bank projections on likely fall in remittances in South Asia and rupee instability played a catalyst role in bearish close at PSX.