PSX ends another range-bound session with minor gains

KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday ended trading on a downward trend after a range-bound session.

The benchmark KSE 100 index gained 236.44 points to reach its highest level of 40,424.92 points. It eventually went on a downward trajectory to reach the lowest level of 40,065.51 points. It eventually closed at 40,154.11 points with a minuscule gain of 29.90 points. The total volume of shares was 248.937 million.

The KSE 30 nudged just 20.90 points and closed at 17,422.77 points. The total volume of shares was 127.552 million. The KMI 30 index gathered 211.66 points ending at 65,098.54, while the KSE All-Share index declined by 11.06 points and ended at 28,221.84 points.

Total market volumes declined to 427.189 million shares. Pakistan International Bulk Terminal Limited (PIBTL -1.20%) led the volume chart with 26.242 million shares exchanged but saw a decline in share prices.

This was followed by TRG Pakistan (TRG -4.10), Power Cement (POWERR1 14.29) and Pakistan Refinery Limited (0.42%). The scripts had 22.65f million, 20.205 million and 18.809 million shares traded, respectively.

The top contributor to the KSE 100 sector was the oil and gas exploration sector (47.51 points) while the refinery sector saw the biggest change in market capitalization (1.91%). The stock market has been struggling to retain the 40,000 points level gained last week and seen range-bounded session.