A measly 31 shares traded

The KSE-100 index on Wednesday remained unchanged at 9,183.14 points as investors opted to remain away due to continuing uncertainty regarding removal of floor. Trading was seen in only 31 scrips, out of which eight closed in positive and five in negative, while the value of 18 remained unchanged.
Trading volumes, however, improved due to some activity in second tier stocks as the ready market turnover increased to 622,200 shares against 246,400 shares traded on Tuesday. Mohammad Farooq Textile Mills was volume leader with 474,000 shares and gained Re. 0.08 to close at Rs 2.24. Jahangir Siddiqui Co closed at Rs 96.67 without any change with 51,400 shares. National Assets lost Re. 0.04 to close at Re. 0.40 with 14,500 shares.
Indus Poly. remained unchanged at Re. 0.74 with 11,500 shares. Tri-Star Power closed at Rs 1.64 without any change with 11,000 shares. UDL Modaraba increased by Re. 0.10 to close at Rs 3.31 with 10,000 shares. Sitara Energy gained Re. 0.28 to close at Rs 21.05 with 8,000 shares. Al-Noor Modaraba lost Re. 0.15 to close at Rs 3.50 with 6,500 shares. Habib-ADM Limited increased by Re. 0.18 to close at Rs 10.34 with 6,000 shares. Al-Zamin Leasing lost Re. 0.20 to close at Rs 2.00 with 5,000 shares.
Pak Datacom and Texila Engg. were the highest gainers and gained Rs 1.30 and Re. 0.55 to close at Rs 50.00 and Rs 4.45 respectively while Al-Zamin Leasing and Al-Noor Modaraba were the worst losers and lost Re. 0.20 and Re. 0.15 to close at Rs 2.00 and Rs 3.50 respectively.
Hasnain Asghar Ali at Aziz Fidahusein Securities said that the issue on economy and non-materialisation of commitments kept selling pressure in the equity markets on the rise. Off-market transactions, however, stayed active. Unclear situation never allowed executions as the buyers and sellers held on tightly to their rates. The issue likely to surface in couple of days is the rollover of the CFS positions that were earlier forcibly rolled over. "It is still unclear whether the deals will be rolled over for yet another 22 days or will the borrowers be left on the mercy of financiers", he said.