Index closes flat in see-saw trade
KARACHI: Equities closed flat in lacklustre trading session on Wednesday where the benchmark KSE-100 index saw marginal fall of 9.51 points to close at 45,908.
Start to the day was on positive note with oil scrips leading gains tracking higher global crude and helping the index to retest important resistance level of 46,100.
However, it could not sustain its morning run and erased all gains by day’s close as participants, likely wary of uncertain direction of the market, chose to book profits.
The index moved between the intraday high and low of 189 and 60 points respectively. The volume evaporated with 17.6 million shares changing hands against trading in 224m shares the previous day. The traded value also dropped to Rs8.3 billion, from Rs10.3bn.
ANL was the day’s volume leader as more than 22m shares changed hands.