LAHORE: Despite a lethargic trading day, Pakistan Stock Exchange (PSX) closed with a little in the green. Carrying forward the momentum gained in the latter half of the previous session, the market traded positive during most of the time on Wednesday. Nevertheless, the market volumes disappointed as usual, with investors playing it safe.
The benchmark KSE 100 index appreciated 359.78 points to touch an intraday high of 38,884.89. It inched 0.76 per cent higher from last session’s close at 38,819.65. The KMI 30 index surged 585.06 points to 66,733.93 while the KSE All Share Index was up 221.57 points. The advancers to decliners ratio stood at 246 to 80.
The market volumes dropped down from 195.49 million to 117.66 million. K-Electric Limited (KEL +1.92 per cent) was top traded with 18.29 million shares followed by TRG Pakistan Limited (TRG -0.22 per cent) to 12.04 million. Azgard Nine Limited (ANL +3.33 per cent) ranked third on the volume chart as 6.77 million shares were put on the table.
The oil and gas exploration sector lowered by 0.63 per cent as only Mari Petroleum Company Limited (MARI +0.17 per cent) managed to end positively. Oil and Gas Development Company Limited (OGDC) was down 1.23 per cent, Pak Petroleum Limited (PPL) lost 0.13 per cent and Pakistan Oilfields Limited (POL) inched lower by 0.12 per cent.
The commercial bank sector added 0.53 per cent to its market capitalization. MCB Bank Limited (MCB) was up 2.30 per cent as The Bank of Punjab (BOP) was the top gainer of 4.12 per cent.
