KARACHI: The Pakistan Stock Exchange again lost the early gains till midday as the benchmark 100-index shed 80.20 points to drop to 39706.73 points level.
Earlier, the PSX opened positive, gaining 33.56 points to reach 39820.49 points level in early trading.
On Tuesday, the stocks failed to carry forward gains of the last session and witnessed a wavy session. The benchmark KSE-100 index ended the weak session slightly down by 13.71 points at 39,786.93. The index, which made a new all-time high in the previous session, could manage a high of only 59.93 points during the session, up to 39,860.57. The advancers to decliners’ ratio stood at 175 to 129. The market volumes surged to 225.85 million from 203.74 million.
The cement sector led the volume chart with 48.13 million shares traded. Dewan Cement Limited (DCL +5.02%) topped both the volume and percentage price gain table. Bestway Cement Limited (BWCL +5.00%) and Pakcem Limited (PAKCEM +4.99%) both hit another upper lock while top player, Lucky Cement Limited (LUCK -3.99%), dropped to the bottom of the sector along with Maple Leaf Cement Factory Limited (MLCF -1.51%).
