The bulls continued to bear on the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 index closing 94 points higher on Wednesday, marking a gain of 0.22per cent.

The index hovered above the 43,300-mark over the day, hitting a day's low of 43,146 and a high of 43,436 to close at 43,347 amid high volumes.

"Stocks closed higher amid support in selected oil, cement and textile stocks amid consolidation post major earnings announcements at PSX," but "concerns remained over $2.6 billion current account deficit for July-August," Ahsan Mehanti of the Arif Habib Corporation said.

Nearly 223 million stocks worth Rs12 billion were traded on the exchange, as 194 of the 372 traded symbols advanced. On the other hand,159 symbols retreated and 19 remained unchanged.

The technology and communication sector led the day's trading by a margin with 53.9m shares traded, while engineering and commercial banks followed with 26.2m and 20.1m shares traded respectively.

Volumes were led by:

WorldCall Telecom: 26.5m shares traded [-10.13pc]

TRG Pak Ltd: 24.5m shares traded [+0.52pc]

Dost Steels Ltd: 14.3m shares traded [-4.16pc]

Pace (Pak) Ltd: 8.7m shares traded [-2.04pc]

Bank Al-Falah: 8.3m shares traded [+1.71pc]

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Smog hazard
Updated 05 Nov, 2024

Smog hazard

The catastrophe unfolding in Lahore is a product of authorities’ repeated failure to recognise environmental impact of rapid urbanisation.
Monetary policy
05 Nov, 2024

Monetary policy

IN an aggressive move, the State Bank on Monday reduced its key policy rate by a hefty 250bps to 15pc. This is the...
Cultural power
05 Nov, 2024

Cultural power

AS vital modes of communication, art and culture have the power to overcome social and international barriers....
Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.