While the PTI rally in the port city yesterday was a depiction of passion and enthusiasm, the same could not be said of investor activity at the local bourse as volumes sank to a new low of 17.5 million shares. The saving grace for the index which prevented it from ending in negative territory was the 26 points contribution by the index heavy weight NESTLE, thus KSE-100 index edged up nine points at 11,379.
KSE 30 index closed at 10292.58 levels with the loss of 25.83 points, while All Share index gained 7.46 points to close at 7826.23 levels. Total 92 scrips advanced 102 declined and 110 remain unchanged out of total 304 scrips traded.
From a sector perspective, with the exception of DAWH, big name fertiliser stocks ended in the red zone, while PPL and PSO were able to record marginal gains for oil and gas segment. Overall, the key concern remains the dismal volumes being witnessed in recent trading sessions and without any notable triggers on the horizon, it appears that dull would be a gracious term to describe the outlook of the local bourse, said Ali Hussain, Senior Investment Analyst at HMFS.
