The Pakistan Stock Exchange (PSX) on Wednesday fell flat after a range-bound session, with the benchmark KSE-100 index gaining only 39 points to close at 39,673.

The index touched a day's high of 39,761 points and low of 39,463 points, unable to cross the 40,000-mark it fell below on Tuesday.

Trading remained thin even as volumes increased slightly to 115 million shares, worth Rs6.6 billion.

Of the 336 traded scrips, 174 advanced, 140 declined and 22 remained unchanged. The technology and communication sector dominated trading with 21.6m shares traded.

Investor interest in Engro continued as the stock "will no longer be a part of the MSCI Emerging Markets Index," a note by Topline Securities read.

Foreign corporations were net sellers of Rs1.3 billion in the session.

Volumes were led by:

  1. TRG Pak Ltd: 17.1m shares traded [+4.68pc]

  2. K-Electric Ltd: 11.0m shares traded [+2.61pc]

  3. Azgard Nine: 10.1m shares traded [+5.16pc]

  4. Fauji Cement: 9.4m shares traded [+0.82pc]

  5. Engro Fert: 4.8m shares traded [-0.02pc]

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

Opinion

Editorial

Large projects again?
Updated 03 Jun, 2024

Large projects again?

Government must focus on debt sustainability by curtailing its spending and mobilising more resources.
Local power
03 Jun, 2024

Local power

A SIGNIFICANT policy paper was recently debated at an HRCP gathering, calling for the constitutional protection of...
Child-friendly courts
03 Jun, 2024

Child-friendly courts

IN a country where the child rights debate has been a belated one, it is heartening to note that a recent Supreme...
Dutch courage
Updated 02 Jun, 2024

Dutch courage

ECP has been supported wholeheartedly in implementing twisted interpretations of democratic process by some willing collaborators in the legislature.
New World cricket
02 Jun, 2024

New World cricket

HAVING finished as semi-finalists and runners-up in the last two editions of the T20 World Cup in familiar ...
Dead on arrival?
02 Jun, 2024

Dead on arrival?

Whatever the motivations for Gaza peace plan, it is difficult to see the scheme succeeding.