KSE-100 sheds 30 points at close.

Byline: Zubair Yaqoob

Karachi -- Sign of recovery turned out to be a short lived spike. DGKC and MLCF that started the day on a positive note and saw upper circuit (DGKC) and close to upper circuit trades (MLCF), price came down sharply in the end, due to rumour of Rights issue by both companies.

Similarly, Steel sector scrips also showed positive trend in the beginning but closed in red in the end. E and P sector barely sustained yesterday's stride and closed at almost same rate as yesterday. Besides, POL opened today Ex-Dividend and spiked due to buying activity, however, the end of session again saw it trading below opening rate.

Banks, Auto and O and GMC sectors also contributed to the slide in Index. Cement sector realized the most volume with 36.1M shares, followed by Technology (21.3M) and Chemical (15.6M). Among scrips, MLCF topped the chart with 17.2M shares followed by WTL (12.9M) and LOTCHEM (10.4M).

The Index closed at 30,215pts as against 30,244pts...