Pakistan Stock Exchange (PSX) maintained the bullish trend on Wednesday as the benchmark KSE-100 Index gained 1139.15 points with 0.98% positive change, closing at 117,772.31 points against 116,633.16 points on the previous session.
The stock market opened in green on the third trading day of the week and started recovering the losses. During the session, the KSE-100 reached 118,220.88 points, however, later some selling pressure reversed it. Optimistic news about the IMF and Pakistan agreement drove the market.
A total of 230,408,091 shares were traded during the day as compared to 268,098,907 shares the previous trading day, whereas the price of shares stood at Rs32. 271 billion against Rs19.455 billion on the last trading day.
As many as 436 companies transacted their shares in the stock market, 204 of them recorded gains and 167 sustained losses, whereas the share price of 65 companies remained unchanged.
Buying was observed in key sectors including automobile assemblers, cement, chemical, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks including OGDC, MARI, PPL, HUBCO, PSO, SNGPL and SSGC traded in the green.
