The capital market on Wednesday witnessed a range-bound trading session due to the absence of positive developments as the benchmark KSE-100 index settled the session in the red losing 6.62 points and closing at 43,846.87.

After gaining momentum in the previous session, the trading session started on a positive note, however, during the later hours, the market succumbed to profit-taking activity as the jitters prevailed across the board owing to a bleak economic outlook.

As a result, the bourse traded in a range of only 486.68 points, witnessing an intraday high of 44,138.97 and a low of 43,652.29.

Of the 95 traded companies on the KSE100 Index, 36 closed up 56 closed down, while 3 remained unchanged. The total volume traded for the index was 73.49 million shares.

According to sectors, the index was dragged down by cement with 83 points, fertilizer with 32 points, pharmaceuticals with 14 points, engineering with 13 points, and refinery with 10 points.

The highest number of points lost on the index was by LUCK which stripped the index of 36 points followed by ENGRO with 24 points, MEBL with 18 points, HMB with 16 points, and PIOC with 11 points.

Sectors keeping the index afloat were technology & communication with 103 points, oil & gas exploration companies with 43 points, commercial banks with 16 points, power generation & distribution with 8 points, and automobile assembler with 3 points.

The most points added to the index were by TRG which contributed 73 points followed by MARI with 30 points, SYS with 27 points, UBL with 23 points, and OGDC with 13 points.

Total trades lowered by 6,424 to 101,662.

Value Traded lowered by 1.37billion to Rs.7.01billion.

All share volume jumped by 3.80million to 233.18million shares. Market cap lowered by Rs11.50billion.

Total companies traded were 350 compared to 347 during the previous session. Of the scrips traded 134 closed up, 196 closed down while 20 remained unchanged.

The story was filed by the News Desk.
The Desk can be reached at info@thecorrespondent.com.pk.

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