PSX ends on positive note to regain 43,000 points level

KARACHI: The Pakistan Stock Exchange (PSX) ended the trading session on Wednesday on a positive note despite selling pressure and modest business activity.

The benchmark KSE 100 index gained 180.76 points (0.42%) in intra-day trading and ended on 43,087.70 points.  The bourse dipped in early trading and reached its lower point of 42,852.79 points before recovering and end the day a positive note. The total volume of shares traded at the bourse was 164.651 million valued at Rs9.774 billion.

The lower bench KSE 30 index gained 82.08 points (0.46%) and closed at 17,939.18 points. The total volume of shares was 103.722 million. The KMI 30 index gained 427.49 (0.61%) and closed at 70,123.24  points while All-Share Index nudged by 43.41 (0.16%) to close at 30,139.65 points.

The total market volumes of markets was 378.909 million shares. The highest number of shares traded at the bourse belonged to Pakistan Refinery Ltd (PRL 5.32%) which traded 26.978 million shares.

This was followed by Maple Leaf Cement Factory (MLCF 4.67%), TRG Pakistan (TRG 3.91%), and Invest Capital Bank (ICIBL -11.90%). The total volume of scripts traded were 17.667 million, 26.151 million, 16.221 million and 16.092 million, respectively.

The sector driving the KSE 100 index north was the cement sector (+97.72 point) while the glass and ceramics witnessed the highest change in market capitalization (3.66%).