The Pakistan Stock Exchange (PSX) on Tuesday managed to close flattish despite sustained selling in the early hours of trading.

A sustained bout of selling had been followed by cherry-picking, which helped the benchmark KSE-100 Index gain 43 points to close at 38,525.

The benchmark had showed a steep decline during the first half of the session. The benchmark hit a day's low at 37,737 points before adopting a positive momentum for the rest of the session. It hit a day's high of 38,620 points near the close of trading.

In all, over 195 million shares worth almost Rs8.7 billion changed hands during the session. A total of 347 companies' shares were traded, out of which 100 advanced, 229 declined, whereas 18 remained unchanged.

The banking sector dominated trading with 37m shares traded, while the communication and power generation and distribution sectors followed with 24.8m and 15.6m shares traded respectively.

Volumes were led by:

TRG Pak Ltd: 18.6m shares traded [-1.31pc];

Crescent Star(R): 8.3m shares traded [+3900.00pc];

Bank Al-Falah: 13.3m shares traded [-0.75pc];

K-Electric Ltd.: 11.6m shares traded [+4.15pc];

Pak Elektron: 10.6m shares traded [-1.49pc].

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.