KARACHI: The Pakistan Stock Exchange on Wednesday failed to sustain the early gains as the benchmark KSE 100-share Index witnessed a decrease of 126.39 points or 0.31% to close at 40,909.91.
In the morning, trading began on a positive note and the index crossed 41,100 points, but absence of positive triggers made the session lacklustre and dragged the index down.
Nishat Mills (-0.44%) announced its FY18 result, posting consolidated earnings per share of Rs20.7 along with cash dividend of Rs4.75 per share; the profitability growth was unexciting despite rupee depreciation.
Overall, trading volumes increased to 126.4 million shares compared with Tuesday’s tally of 101.7 million. The value of shares traded during the day was Rs4.4 billion.
Shares of 370 companies were traded. At the end of the day, 104 stocks closed higher, 237 declined and 29 remained unchanged.
Dolmen City (XD) was the volume leader with 20.2 million shares, gaining Rs0.04 to close at Rs12.76. It was followed by Unity Foods with 8.04 million shares, losing Rs1.51 to close at Rs34.39 and Lotte Chemical with 6.4 million shares, losing Rs0.13 to close at Rs13.72.
