KARACHI: The Pakistan Stock Exchange (PSX) had a lacklustre session on Wednesday, with the benchmark KSE-100 index clawing down by a mere 6.28 points, or 0.01%, to settle at 47,413.46 points.
Gaining over 200 points, the benchmark KSE-100 index recorded an intra-day high of 47,629 before finishing with a marginal drop of 6.28 points or 0.01% to end 47,413.46.
Investors displayed a lack of interest amid an uncertain economic and political outlook. Selling pressure was observed in banks, besides the cement and auto sectors. Sectors dragging the benchmark KSE-100 lower included banking (27.93 points), cement (19.56 points), and automobile assembling (10.14 points).
Trading volume surged to 536.6 million shares compared to 378.8 million shares traded on Tuesday (August 31). During the session, shares of 534 listed companies were traded. At the end of the session, 307 stocks closed in the green, 207 in the red and 20 remained unchanged.
WorldCall Telecom remained the volume leader with 162.28 million shares, followed by Telecard Limited with 45.13 million shares, and Ghani Global Holdings at 32.73 million shares.
Individually, major gainers were TRG Pakistan (+29 points), Lucky Cement (+12 points), Faisal Bank (+10 points), Engro Polymer and Chemicals (+9 points) and Engro Corporation (+8 points).
