KSE-100 gains 105 points.

Karachi -- Market traded in a narrow range between -195pts and +181pts, closing the session +105pts (unadjusted). Higher than expected inflation caused concern amongst investors about the upcoming monetary policy, where a few days back market had consensus view of a rate cut.

Selling activity was therefore observed in Cement and Steel sectors largely, which have lately seen consistent rally before and after recent announcement of financial results. Consistent with recent trading pattern, Technology sector registered the most trading volume with 68.2M shares, followed by Cement (30.4M) and Chemical (19.5M).

Among scrips, WTL led the volumes with 45.8M shares, followed by PAEL (16.7M) and ICIBL (13.6M). The Index closed at 35,758pts as against 35,6553pts showing an increase of 105pts (+0.3% DoD).

Sectors contributing to the performance include (Fertilizer (+60pts)...