The Pakistan Stock Exchange (PSX) landed in the green zone on Thursday, with the benchmark KSE-100 Index gaining 364 points, increasing by 0.88 per cent, to close at 41,909.

The index opened higher and continued its positive momentum throughout the session. The market's opening at 41,544 points remained the day's low. The benchmark index hit a day's high of 41,996 points near the close of the session.

In all, 222.3 million shares worth almost Rs8.6 billion changed hands during the session. Of the 360 traded scrips, 196 advanced, 140 declined and 24 remained unchanged.

A JS Global report said that institutional participation was witnessed mainly in the main board stocks. The volume leader in today's session was K-Electric (+2.96pc) on the back of expectations regarding development in multiyear tariff, the report read.

The power generation and distribution sector dominated trading with 35.9m shares traded, while the communication and cement sectors followed with 28.8m and 27.4m shares traded, respectively.

Volumes were led by: K-Electric Ltd: 34.0m shares traded [+2.96pc];

P.T.C.L: 11.3m shares traded [+4.73pc];

Engro Polymer: 10.1m shares traded [+3.36pc];

Fauji Cement: 10.0m shares traded [+3.03pc];

Lotte Chemical: 8.7m shares traded [+2.86pc].

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

Opinion

Who bears the cost?

Who bears the cost?

This small window of low inflation should compel a rethink of how the authorities and employers understand the average household’s

Editorial

Internet restrictions
23 Dec, 2024

Internet restrictions

JUST how much longer does the government plan on throttling the internet is a question up in the air right now....
Bangladesh reset
23 Dec, 2024

Bangladesh reset

THE vibes were positive during Prime Minister Shehbaz Sharif’s recent meeting with Bangladesh interim leader Dr...
Leaving home
23 Dec, 2024

Leaving home

FROM asylum seekers to economic migrants, the continuing exodus from Pakistan shows mass disillusionment with the...
Military convictions
Updated 22 Dec, 2024

Military convictions

Pakistan’s democracy, still finding its feet, cannot afford such compromises on core democratic values.
Need for talks
22 Dec, 2024

Need for talks

FOR a long time now, the country has been in the grip of relentless political uncertainty, featuring the...
Vulnerable vaccinators
22 Dec, 2024

Vulnerable vaccinators

THE campaign to eradicate polio from Pakistan cannot succeed unless the safety of vaccinators and security personnel...