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KARACHI: The benchmark KSE-100 Index rose 0.8% on Wednesday as the Pakistan Stock Exchange (PSX) maintained its bullish momentum.
At close, the benchmark index settled at 45,514.95, an increase of 359.15 points or 0.8%.
Automobile manufacturers, cement, chemical, commercial banks, oil and gas exploration businesses, and OMCs were among the index-heavy sectors that saw widespread buying, while the pharmaceutical and technology sectors continued to decline.
Sectors driving the benchmark index upwards included banking (183.06 points), power generation and distribution (71.34 points) and oil and gas exploration (61.37 points)
Volume on the all-share index declined to 450.3 million from 555.1 million on Tuesday, while the value of shares traded dropped to Rs13.1 billion from Rs15.5 billion recorded in the previous session.
WorldCall Telecom was the volume leader with 49.9 million shares followed by Unity Foods Limited with 20.3 million shares and Pak International Bulk with 18.2 million shares.
Shares of 359 companies were traded on Wednesday, of which 173 registered an increase, 163 recorded a fall and 23 remained unchanged.
