Another listless session at the PSX with the index hovering around its starting place for entire session. The KSE100 index closed 13 points in the negative to settle at 42,101.

The index posted its high for the day in the early minutes of trading but remained range bound for the rest of the day. Volumes were seen stable when compared to the previous session. Investors seem to be taking a wait and watch approach in the wake of rising Coronavirus cases in the country.

Political uncertainty due to the Pakistan Democratic Movement (PDM) rally scheduled to be held in Lahore on 13th December also hurt sentiments at the exchange.

Globally stock markets were displaying caution as the number of Coronavirus cases continue to rise at alarming rates in a number of regions of the world. Investor in the United States were eyeing details of a fresh Covid-19 relief package which is currently under negotiation.

At the closing bell 137 companies advanced with 201 scrips closing in the red. 22 companies remained unchanged.

Market participation for the KSE100 Index increased to 195M from 191M in the previous session (2% on d/d basis). Major contribution to total market volume came from MLCF, FFL and TRG combined for 77M shares out of the total market volume of 410M shares.