PSX falls flat after range-bound session
The Pakistan Stock Exchange (PSX) on Wednesday fell flat after a range-bound session, with the benchmark KSE-100 index gaining only 39 points to close at 39,673.
The index touched a day's high of 39,761 points and low of 39,463 points, unable to cross the 40,000-mark it fell below on Tuesday.
Trading remained thin even as volumes increased slightly to 115 million shares, worth Rs6.6 billion.
Of the 336 traded scrips, 174 advanced, 140 declined and 22 remained unchanged. The technology and communication sector dominated trading with 21.6m shares traded.
Investor interest in Engro continued as the stock "will no longer be a part of the MSCI Emerging Markets Index," a note by Topline Securities read.
Foreign corporations were net sellers of Rs1.3 billion in the session.
Volumes were led by:
TRG Pak Ltd: 17.1m shares traded [+4.68pc]
K-Electric Ltd: 11.0m shares traded [+2.61pc]
Azgard Nine: 10.1m shares traded [+5.16pc]
Fauji Cement: 9.4m shares traded [+0.82pc]
Engro Fert: 4.8m shares traded [-0.02pc]