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KSE-100 index gains 78.59 points, closes at  39,972

KARACHI: Pakistan Stock Exchange (PSX) on Wednesday witnesses a volatile trading session and in the end KSE-100 index gained 78.59 points.

Uncertain economic conditions kept investors at bay and range-bound activity was witnessed where the benchmark index traded in a range of 493 points.

At close, the KSE-100 settled with a marginal gain of 78.59 points or 0.20% to close at 39,972.64.

Arif Habib Limited (AHL) in a note said main board volumes remained dry whereas decent volumes were observed in the 3rd-tier stocks.

Sectors driving the benchmark KSE 100 index upwards included banking (77.77 points), chemical (54.83 points) and technology and communication (27.79 points).

Volume on the all-share index declined to 121.58 million from 131.86 million on Tuesday. Similarly, the value of shares traded dipped to Rs4.15 billion from Rs4.21 billion recorded in the previous session.

Lotte Chemical was the volume leader with 10.21 million shares, followed by WorldCall Telecom with 9.26 million shares, and TPL Properties Limited with 9.02 million shares.

Shares of 321 companies were traded on Wednesday, of which 153 registered an increase, 141 recorded a fall, and 27 remained unchanged.

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