ISLAMABAD: The Pakistan Stock Exchange (PSX) saw a mixed session on Wednesday, and the KSE-100 Index gained 51.29 points (rose 0.13%) with a positive change where the index closed at 40,499.34 points. However, most of the investors remained cautious about taking bold decisions.
Throughout, the day, the ongoing political situation kept investors mostly on the sidelines with the volume on the all-share index remaining subdued.
Earlier in the morning, trading began with a decline but the market bounced back very soon. From there the market shift to a steady pace in the middle and then closed.
Index-heavy cement, chemical, banking, and oil spaces closed in an upward trajectory while the automobile sector saw massive witnessed losses. The Fertiliser segment closed mixed.
Mix Trend at Pakistan Stock Exchange
A report from Capital Stake cited that the PSX ended a volatile session on Wednesday flat. Indices swayed in both directions while volumes appreciated from the last close, it said.
On Wednesday, shares of 291 companies were transacted, of which 165 registered an increase, 104 witnessed a loss and 22 remained unchanged. Sectors lifting the benchmark KSE-100 index higher included fertilizer (68.29 points), oil and gas exploration (25.66 points), and chemical (18.34 points).
Silk Bank was the volume leader with 6.4 million shares followed by WorldCall Telecom with 5.1 million shares and Engro Corp with 4.3 million shares.
