After a week-long consolidation, KSE-100 index corrected by 1%; clearly hunting for positive trigger. Only index heavy-weight PSO traded with healthy volume of 5.2Mn shares in the hope of sukuk issuance to reduce circular debt. KSE-100 made an intra-day low of 31,710. Traded volume was 64.5Mn which sharply fell as low as half the last trading session volume of 120.3 Mn shares. The index closed at 31,750 points, down 359 points during the day. Maple leaf cement (MLCF) with a volume of 6,394,500 and price per share of 14.74(-1.00), Pakistan State Oil Co Ltd with a volume of 5,230,300 and price per share of 152.67 (-0.83), Fauji Cement Company Limited with a volume of 4,313,000 and price per share of 12.62 (-0.22) remained the volume leaders .Among the top gainers, Rafhan Maize Products Company Limited clocked a volume of 40 and price per share of 5,800 (100.00), Gatron (Industries) Limited with a volume of 500 and price per share of 480 (22.00), Jubilee Life Insurance Company Limited with a volume of 300 and price per share of 271.22 (12.91).Colgate Palmolive (Pakistan) Ltd with a volume of 20 and price per share of 2,037 (-107.00), Bhanero Textile Mills Limited with a volume of 50 and price per share of 810 (-40.56), Wyeth Pakistan Limited with a volume of 250 and price per share of 659 (-23.17) were the main losers during the session. The investors will wait for any political success from UN general assembly conference and healthy correction of 3% to 5% to re visit the investment thesis again.Prime Minister Imran Khan is due to meet the US president on the sidelines of UN general assembly session and will address the Assembly on September 27. Apart from his Kashmir agenda PM Khan may seek US intervention for relief from the tough conditions of the FATF and the IMF in lieu of its services for the peaceful exit of American troops from Afghanistan.