KARACHI: Pakistan Stock Exchange on Wednesday witnessed another lacklustre trading session as it lost the 45,000 points level and ended the day on a negative note.
The benchmark KSE-100 index endured a dull trading session as trading remained range bound throughout the session. The bourse reached its lowest level of 44,734.24 points in later day trading. The bench declined by 673.98 points (1.48%) and closed at 44,883.43 points. The total volume of shares traded at the bourse were 100.821 million valued at Rs6.223 billion.
The lower bench KSE 30 index also decreased by 274 points (-1.53%) and closed at 17,651.77 points. The total volume of shares was 60.329 million. The KMI 30 index closed at 75,541.38 points with a decrease of 1,221 (-1.66%) while the All Share Index plunged by 395.39 (-1.27%) and closed at 30,763.77 points.
The highest number of shares traded belonged to WorldCall Telecom Ltd (WTL -7.69%) which traded 27.328 million scripts. This was followed by TRG Pakistan Ltd (TRG -7.50%), Telecard Ltd (TELE -4.86%) and Cnergyico PK Ltd (CNERGY -6.47%) The number of scrips traded were 20.191 million, 18.792 million, and 15.505 million, respectively.
This is the second consecutive day the stock market has witnessed a timid reponse over the lack of triggers. The depreciation of the rupee against the dollar and increasing crude oil and commodity prices in the international market added to the woes of investors.
Brent crude prices climbed to their highest level since 2014, which sparked panic among local investors as a high import bill would further widen the current account deficit.
