KARACHI - Pakistan State Oil lower than expected dividend and speculation that the cement cartel may breakdown, market remained ranged bound. Although the global equity markets breathe a sigh of relief amid ease off on Syrian tension but local investors sentiments remained week.
Benchmark KSE-100 share index shed by 21.60 points or 0.10 percent to end the day at 22214.73 points compared to 22236.33 points of the previous day.
Equity experts said PSO lost 3.5pc with share price dropped to Rs.300. With volumes dropped to Rs.7.5b most activity was witnessed in cement stocks. Fauji cement with a volume of 20m shares dropped by 4.5pc. Maple Leaf closed 4pc down with 10m shares volume. DGKC also fell by 4pc to close at 77.53 with 7.7m shares. Bank of Punjab also witnessed healthy volume of 20m shares whereas share price dropped by 3.6pc.  KSE-Allshare index added 28.85 points or 0.18 percent to conclude the session at 15989.41 points, KSE-30 share index off by 6.39 points or 0.04 percent to finish the day at 17282.84 points.  Trading took place in 349 companies where losers outnumbered the gainers 234 to 95 while the value of 20 stocks not changed. Nestle Pak led the uphill trend increased by Rs 290 to Rs 6180 followed by Services Ind. Limited. Shezan Inter and Mithchells Fruit were the biggest losers of the day decreased by Rs 32.70 to Rs 621.30 and Rs 25 to Rs 515.
Turnover of share market was 177.411 million shares after opening at 265.077 million shares and the value of traded shares was reduced to Rs 7.482 from Rs 9.745. Capitalisation of the local equity market maintained at Rs 5.502 trillion compared to Rs 5.493 trillion of the previous session.  Fauji Cement was the top traded company of the day with 20.120 million shares shed by Re 0.61 to Rs 13.49. Bank of Punjab was on the second position with 20.068 million shares as it closed at Rs 11.71 after opening at Rs 11.99. It was followed by Maple Leaf Cement with 10.338 million shares decreased by Rs 1.11 to Rs 25.16, DGK Cement with 7.726 million shares lost Rs 3.45 to Rs 77.53 and PTCLA XD with 7.710 million shares off by Re 0.56 to Rs 23.72 respectively.