The market saw a mix bag today. The KSE-100 index closed at 41,266. It went to a intra day high of 41,383, after gaining 184 points. However, it failed to sustain gains and slipped to a low at 41,064 later in the day. It finally ended higher by 202 points at 41,266.
The continuous strengthening of rupee against dollar was a major contributor in the upward trend. Although, market forces and investors remained wary of the Financial Action Task Force verdict on Pakistan. The Pakistan Democratic movement protest in Quetta also had a part in market nervousness.
The overall market volumes fell from 661.19 million shares in the previous session to 354 million shares (-25pc). Average traded value also declined by 21pc, from $135.1 million to $106.9 million. Unity Foods Ltd (UNTY -0.38 pc), Pakistan International Bulk Terminal Ltd (PIBTL 0.07 pc) and Maple Leaf Cement Factory Ltd (MLCF +1.44 pc) led the volume chart.