The Pakistan Stock Exchange (PSX) on Wednesday landed in the
green with the benchmark KSE-100 index gaining 289 points, up 0.76 per
cent, to close at 38,208.
The index hit a day's high of
38,323 points in the first few minutes of the market opening. The
benchmark, however, could not sustain the positive momentum and hit a
day's low at 37,842 points during the intra-day trading.
In
all, around 129.6 million shares worth Rs4.94 billion changed hands
during the session. Of the 415 traded scrips, 206 advanced while 181
declined and 28 remained unchanged.
A JS Global report
said that investors' "sentiments dampened in the cement sector on
expectations of a slowdown in monthly cement numbers" due to seasonal
factor.
Active participation was seen from the locals
and the institutions in the banking sector, where HBL (+4.96pc), UBL
(+4.57pc) and MCB (+2.65pc) closed in the green, the report reads.
The communication sector dominated trading with 32m
shares traded, while the banking and power generation and distribution
sectors followed with 20.5m and 10m shares traded respectively.
Volumes were led by:
-TRG Pak Ltd: 15.8m shares traded [+1.05pc];
-B.O.Punjab: 11.1m shares traded [-0.66pc];
-WorldCall Telecom: 10.5m shares traded [-4.99pc];
-K-Electric Ltd: 4.3m shares traded [-12.00pc];
-Lotte Chemical: 3.6m shares traded [-6.60pc].
