The Pakistan Stock Exchange (PSX) recorded a range-bound session on Wednesday and the KSE-100 Index fell 0.06% owing to lack of investor participation.
By the end of the session, the KSE-100 Index closed with a loss of 24.96 points or 0.06% at 42,348.63.
Trading began with a rise however, the KSE-100 Index failed to sustain the rising trend and descended towards midday. From this point onward, the market traded in a narrow range to end marginally downward.
Index heavy automobile and banking sectors recorded modest losses while mixed activity was recorded in cement and oil spaces. On the other hand, the fertiliser segment closed in green.
Sectors dragging the benchmark KSE-100 lower included banking (80.29 points), power generation and distribution (18.24 points) and technology and communication (17.57 points).
Volume on the all-share index dropped to 120.2 million from 139.2 million on Tuesday. The value of shares traded fell to Rs4.7 billion from Rs5.1 billion recorded in the previous session.
WorldCall Telecom was the volume leader with 8.5 million shares, followed by NIshat Chunian with 6.6 million shares and Dewan Motors with 5.8 million shares
Shares of 334 companies were traded on Wednesday, of which 153 registered an increase, 156 recorded a fall, and 25 remained unchanged.
