Dubai: The Pakistan stock market index KSE 100 went lower Wednesday, ending 0.86 per cent down at 9553.81 points. Investors were still wary of the impact of the devastating floods and sold stocks at a broader range.
All sectors were down, with oil and gas companies, chemicals and construction hit the most. Heavyweights such as Byco Petroleum, Lotte Pakistan and DGK Cement all left the session in the red. Lotte Pakistan announced yesterday that it has postponed the release of its second quarter financial results by a day.
Among the few gainers, Cherat Paper rose the most, with 1.82 per cent up to 42.97 rupees. The biggest losers were Siemens Pakistan, which lost 15.07 per cent to 1,100 rupees, and Shell Pakistan, falling 9.27 per cent to 196.30 rupees.
