The benchmark KSE-100 index once again remained unchanged at 9,187.10 points level as the investors opted to remain at the sidelines over the uncertainty on removal of floor. Some activity however was witnessed in the second tier stocks, that supported the volume to slightly increase to 146,700 shares as compared to 81,100 shares traded on Friday.
The overall market capitalisation declined by Rs 90 million to stand at Rs 2,826.123 billion. Out of the total 14 active scrips, two closed in positive and nine in negative while the value of three scrips remained unchanged.
Gharibwal Cement was the overall volume leader of the day with 41,000 shares, however, it declined by Re. 0.22 to close at Rs 17.37. National Assets lost Re. 0.03 to close at Re. 0.41 with 38,500 shares. Pak. Com. Leasing decreased by Re. 0.05 to close at Re. 0.55 with 15,500 shares. UDL Modaraba closed at Rs 3.07, up by Re. 0.01 with 13,500 shares. Haydery Const lost Re. 0.02 to close at Rs 1.03 with 12,500 shares.
Habib-ADM Limited gained Re. 0.22 to close at Rs 9.90 with 7,500 shares. Saritow Sp. lost Re. 0.69 to close at Rs 1.44 with 5,500 shares. Mukhtar Textile declined by Re. 0.05 to close at Re. 0.55 with 5,500 shares. Standard Chartered Modaraba decreased by Re. 0.30 to close at Rs 8.70 with 5,000 shares. Sitara Energy closed at Rs 18.65, down by Re. 0.85 with 1,000 shares.
Habib-ADM Limited and UDL Modaraba were the highest gainers and gained Re. 0.22 and Re. 0.01 to close at Rs 9.90 and Rs 3.07 respectively while Sitara Energy and Pak Datacom were the worst losers and lost Re. 0.85 and Re. 0.75 to close at Rs 18.65 and Rs 45.00 respectively.
Ahsan Mehanti at Shehzad Chamdia Securities said that depressed activity continued as uncertainty over funds to bail out capital markets persisted despite series of meetings between SECP and KSE. Investors remained concerned over falling market sentiment, off market transactions at 25 percent to 50 percent discount, foreign holders withdrawal and lack of liquidity to bail out capital market from its current crisis.
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