The Pakistan Stock Exchange (PSX) on Wednesday landed in the green with the benchmark KSE-100 index gaining 289 points, up 0.76 per cent, to close at 38,208.

The index hit a day's high of 38,323 points in the first few minutes of the market opening. The benchmark, however, could not sustain the positive momentum and hit a day's low at 37,842 points during the intra-day trading.

In all, around 129.6 million shares worth Rs4.94 billion changed hands during the session. Of the 415 traded scrips, 206 advanced while 181 declined and 28 remained unchanged.

A JS Global report said that investors' "sentiments dampened in the cement sector on expectations of a slowdown in monthly cement numbers" due to seasonal factor.

Active participation was seen from the locals and the institutions in the banking sector, where HBL (+4.96pc), UBL (+4.57pc) and MCB (+2.65pc) closed in the green, the report reads.

The communication sector dominated trading with 32m shares traded, while the banking and power generation and distribution sectors followed with 20.5m and 10m shares traded respectively.

Volumes were led by:

-TRG Pak Ltd: 15.8m shares traded [+1.05pc];

-B.O.Punjab: 11.1m shares traded [-0.66pc];

-WorldCall Telecom: 10.5m shares traded [-4.99pc];

-K-Electric Ltd: 4.3m shares traded [-12.00pc];

-Lotte Chemical: 3.6m shares traded [-6.60pc].

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

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...