KSE-100 declines 94 pts, closes at 42.5K.

Karachi -- Market traded in a narrow range of +105pts and -161pts, closing the session 94pts down from LDCP. International crude price was significantly down at the opening that caused selling pressure in E and P stocks. Likewise, rest of the oil and gas chain bore pressure among Refineries and OMCs. Cement sector, on the other hand, performed well with MLCF and KOHC hitting upper circuits, whereas other Cement stocks also trudged well. Cement sector led the volumes table with 66M shares, followed by Transport (35.1M) and Food (18.9M). Among scrips, MLCF topped the volumes with 25.9M shares, followed by PIBTL (25.2M) and FCCL (12.1M).

The Index closed at 42,539pts as against 42,633pts showing a decline of 94pts (-0.2% DoD). Sectors contributing to the performance include EP (-93pts), Power...