KSE-100 ends flat amid lacklustre trading
KARACHI: The stock market experienced a lacklustre trading session on Tuesday with the KSE-100 swinging between positive and negative territories, and ending the session nearly flat.
Looming political tensions, on the back of Pakistan Democratic Movement’s meeting for devising a strategy for the Lahore rally scheduled for December 13, kept market participants on the sidelines.
Absence of positive triggers undermined investors’ interest further and they resorted to cautious trading. A decline in international crude oil prices impacted movement of oil sector stocks in Pakistan’s market and major shares closed the day with losses.
Earlier, trading kicked off with a spike, however, sombre mood erased the gains and pushed the KSE-100 index into negative territory within the first hour.