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KARACHI: The Pakistan Stock Exchange (PSX) recorded a volatile session on Wednesday and the KSE-100 Index gained 10.48 points or 0.02% to close at 42,011.81 points.
Following an upward open, volatility gripped the KSE-100 Index and it witnessed a roller-coaster ridde throughout the day. The market fell to intra-day low of 41,912.84 points towards noon but the tables turned in second half of the day and a renewed buying spell made it close with a meagre gain.
Despite the increase in KSE-100 Index, heavyweight sectors including automobile, cement, banks and fertiliser recorded sell-off. However, exploration and production sector ended in green.
Sectors driving the benchmark KSE-100 index north included technology and communication sector (70.53 points), power generation and distribution sector (54.41 points) and oil and gas exploration sector (23.90 points).
Volume on the all-share index climbed to 156.6 million from 118.5 million on Tuesday. On the other hand, the value of shares traded soared to Rs6.6 billion from Rs3.87 billion recorded in the previous session.
TRG Pakistan was the volume leader with 16.7 million shares, followed by K-Electric with 14.8 million shares and HUBCO with 11.2 million shares.
Shares of 327 companies were traded on Tuesday, of which 128 registered an increase, 180 recorded a fall, and 19 remained unchanged.