KARACHI: Bulls continued to dominate the Pakistan Stock Exchange (PSX) on Wednesday, with the benchmark index crossing the 47,000 mark intraday amid improved market sentiments.
The benchmark KSE-100 Index stayed in the green throughout the day, registering its intraday high at 47,123.82 after gaining 543.48 points. It settled higher by 353.29 points at 46,933.63.
Among other indices, the KMI-30 Index accumulated 1,115.50 points to close at 76,020.57, while the KSE All Share Index added 190.99 points, ending at 32,358.96.
The overall market volumes improved from 467.99 million shares in the previous session to 616.20 million shares (+32pc). Average traded value also increased by 27pc, from $145.2 million to $184.2 million.
Sectors that drove the benchmark index north included cement (+159.57 points), oil & gas exploration (+101.83 points) and pharmaceutical (+36.24 points). Global equity markets mostly showed a positive trend, whereas crude oil prices moved further north; WTI crude price rising 0.57pc to $55.08 while Brent crude price increasing 0.19pc to $57.92 (As at 4:11pm PST).
