The day saw the benchmark 100-share index decrease by 60.67 points to 13,368.89 points against 13,429.56 points of Tuesday. Ahsan Mehanti, Director at Arif Habib Investments Limited., said that the Pakistan Stocks closed lower amid thin trade on concerns for security situation in the city.
Total numbers of Shares of 322 companies were traded on Wednesday, and at the end of the day total 110 stocks closed higher, total 133 are declined while 79 remained flat. The overall value of shares traded during the day was Rs 3.464 billion.
The trading volumes at the ready-counter were recorded higher at 77.658 million shares against 70.704 million shares of the previous session. The trading value increasing to Rs 3.464 billion compared to Rs 2.724 billion of the previous session. The intraday high and low, respectively, stood at 13,531.88 and 13, 341.23 points. Market capitalization declined to 3.415 trillion from 3.428 trillion. Institutional support was witnessed in early session on hopes for improvement in Pak-US ties after US agrees to send NATO negotiators for agreement to Pakistan, viewed Mehanti. KSE All share-index ended the day at 9,422.33 points, down 38.18 points or 0.40 percent, KSE 30-index stopped the day at 11,499 points, down 58.72 points or 0.51 percent while the KMI 30-index slumped by 63.49 points or 0.27 percent to end the day at 23,157.60.
He added that the lower global commodities, limited foreign interest and renewed concerns for allegations on judiciary played a catalyst role in bearish sentiments at KSE. Engro Corporation was volume leader of the day, 10.026 million shares, followed by Bank Al-Falah, P.T.C.L.A, Hub Power Company, Jahangir Siddiqi and Engro Foods Limited with turnover of Rs 6.075 million, Rs 5.933 million, Rs 4.721 million, Rs 4.382 million and Rs 3.959 million shares respectively. The UniLever Pakistan and Philip Morris Pakistan, up Rs 217.50 and Rs 7.89, led highest price gainers while, Indus Dyeing XD and Millat Tractors, down Rs 18.99 and Rs 5.34 respectively, led the losers.