Closing Bell: PSX Portrait
Investors waited for a spark as the Pakistan Stock Exchange (PSX) traded sideways for the third day in a row.
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KSE-100 index, PSX's benchmark, rose 87.38 points or 0.19% to 46,365.04 on Wednesday.
An intraday high of 46,448.34 (+170.68) and a low of 46,238.12 (-39.54) points were seen.
KSE-100 Index volume was 91.939 million shares.
Out of 100 index companies, 60 closed up, 28 ended down, 6 were unchanged, and 6 were untraded.
KSE-100 index was supported by Oil & Gas Exploration Companies (69.66), Cement (36.35), Fertilizer (32.88), Marketing Companies (24.61), and Power Generation & Distribution (10.96).
OGDC, PPL, FFC, PSO, and EFERT added points to the index: 33.89, 28.91, 23.02, 15.79, and 13.01.
Commercial Banks (55.65), Technology & Communication (28.25), Miscellaneous (15.12), Inv. Banks/Inv. Cos./Securities Cos. (6.57), and Refinery (4.2) lower the KSE-100 Index.
Companies pushing the index down were SYS (38.91), HBL (37.53), UBL (25.44), PSEL (16.81), and MCB (12.57).
In the broader market, the All-Share index gained 125.49 points to 31,250.00.
Compared to 259.047 the previous session, total market volume was 177.497 million shares and traded value was Rs6.93 billion, up Rs0.24bn.
With 110,360 trades in 322 companies, 171 closed up, 122 closed down, and 29 remained unchanged.
