Pakistan equities showed lackluster performance as KSE-100 index traded between an intraday high of +120 points and a low of -261 points to close at 42,301 level by shedding 158 points. Pakistan’s share market continued to fell for the fourth straight session post re?emergence of the political noise after controversial statement of former PM on ‘Mumbai Attacks’. Investors’ are waiting for any positive development on both economic and political fronts, that is worsening over the period of time. As a result, market has lost 7% month to date. On Wednesday, despite dull activity, market appeared to consolidate as prices have fallen down to extremely attractive levels. Volumes deteriorated by 57 percent to 76 million shares, compared to 181million in the previous trading session. Market participation in terms of traded value touched 149 sessions low to Rs 2.9 billion, while similar situation was witnessed back in Dec 18, 2017 with value of Rs 2.6 billion. FABL was today’s volume leader as more than 5 million shares of the company exchanged hands. Cement sector remained under the hammer where PIOC, DGKC, MLCF and LUCK lost value to close in the red zone. Steel sector too lost value to close lower than its previous day close as ISL and MUGHAL closed in the red trajectory. Indus Motors has lost 14% in its value, since the day of budget announcement where government banned purchase of vehicles by non filers While HCAR and PSMC have lost 11 percent and 5 percent respectively Honda Atlas Cars vehicles by non filers. While HCAR and PSMC have lost 11 percent and 5 percent respectively. Commercial banks remained highly traded sector on Wednesday with traded volume of 13 million shares, followed by investment banks 9.4 million and Chemicals 6.5 million shares. Published in Daily Times, May 17th 2018.