KSE 100-share Index gains only 30.39 points

KSE 100-share Index gains only 30.39 points

Karachi (Staff Report): The Pakistan Stock Exchange’s (PSX) benchmark KSE 100-share Index on Wednesday recorded an increase of 30.39 points, or 0.06%, to end at 51,103.53.

Overall, trading volumes dropped to 334 million shares compared with Tuesday’s tally of 370 million.

Shares of 375 companies were traded. At the end of the day, 187 stocks closed higher and 172 declined while 16 remained unchanged. The value of shares traded during the day was Rs14.9 billion.

WorldCall Telecom was the volume leader with 55 million shares, gaining Rs0.52 to close at Rs3.06. It was followed by Engro Polymer with 21.5 million shares, losing Rs0.94 to close at Rs29.57 and Dewan Cement with 16.3 million shares, gaining Rs1.27 to close at Rs26.85.

Most cement and oil names closed lower on profit-taking while key financial stocks including Habib Bank Limited (+1.6%) and MCB Bank (+1.1%) finished higher.