The Pakistan Stock Exchange (PSX) continued in the green on Wednesday, with the benchmark KSE-100 Index gaining 419 points to close at 43,359.

The index opened lower, touching the day's low of 42,874 points, before rebounding and continuing to gain points and hitting the day's high of 43,386 points before close.

Volumes fell from Tuesday's levels as 151 million shares worth Rs6.65 billion were traded in the session. Of the total of 375 traded scrips, 238 advanced, 114 declined and 23 remained unchanged.

"The gains were supported by investors' belief that the protests by opposition parties on Mall Road Lahore will be temporary and may not heighten any political risk," Topline Research noted.

The commercial banking sector dominated trading with 17.79m shares traded while textile and cement followed with 16.0m and 14.9m shares traded.

Volumes were led by:

  1. Pace (Pak) Ltd: 10.9m shares traded [-4.21pc];

    1. Azgard Nine: 10.4m shares traded [+5.19pc];
  2. Lotte Chemical: 6.8m shares traded [+4.23pc];

  3. K-Electric Ltd: 6.5m shares traded [-0.95pc];

  4. Faysal Bank: 6.2m shares traded [+0.12].

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

Opinion

Editorial

Taking cover
Updated 09 Jan, 2025

Taking cover

IT is unfortunate that, instead of taking ownership of important decisions, our officials usually seem keener to ...
A living hell
09 Jan, 2025

A living hell

WHAT Donald Trump does domestically when he enters the White House in just under two weeks is frankly the American...
A right denied
09 Jan, 2025

A right denied

DESPITE citizens possessing the constitutional and legal right to access it, federal ministries are failing to...
Closed doors
Updated 08 Jan, 2025

Closed doors

The nation’s fate has been decided through secret deals for too long, with the result that the citizenry has become increasingly alienated from the state.
Debt burden
08 Jan, 2025

Debt burden

THE federal government’s total debt stock soared by above 11pc year-over-year to Rs70.4tr at the end of November,...
GB power crisis
08 Jan, 2025

GB power crisis

MASS protests are not a novelty in Pakistan, and when the state refuses to listen through the available channels —...