The Pakistan Stock Exchange (PSX) experienced another flattish close for the week, with the benchmark KSE-100 index losing 38 points to close at 39,907 on Wednesday.

The index gained slightly to briefly cross the 40,000-mark and hit the day's high at 40,063 before falling to 39,825 and closing at 39,907.

A lack of interest was seen and the turnover remained exceptionally low, with around 150 million shares worth only Rs3.94 billion traded.

Out of a total of 353 traded scrips, 167 advanced while 170 declines and 16 remained unchanged.

Power generation and technology sectors dominated trading with 42.3m and 31.7m shares traded respectively. Foreign corporations continued buying with Rs212m worth stocks bought in the session while mutual funds remained prime sellers.

Volumes were led by:

  1. WorldCall Telecom: 24.2m shares traded [+6.33pc]

  2. Japan Power: 19.0m shares traded [+23.25]

  3. K-Electric Ltd: 15.1m shares traded [+1.37pc]

  4. B.O.Punjab: 7.2m shares traded [-0.48pc]

  5. Dewan Motors: 6.6m shares traded [+4.39pc]

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

Opinion

Editorial

Reserved seats
Updated 15 May, 2024

Reserved seats

The ECP's decisions and actions clearly need to be reviewed in light of the country’s laws.
Secretive state
15 May, 2024

Secretive state

THERE is a fresh push by the state to stamp out all criticism by using the alibi of protecting national interests....
Plague of rape
15 May, 2024

Plague of rape

FLAWED narratives about women — from being weak and vulnerable to provocative and culpable — have led to...
Privatisation divide
Updated 14 May, 2024

Privatisation divide

How this disagreement within the government will sit with the IMF is anybody’s guess.
AJK protests
14 May, 2024

AJK protests

SINCE last week, Azad Jammu & Kashmir has been roiled by protests, fuelled principally by a disconnect between...
Guns and guards
14 May, 2024

Guns and guards

THERE are some flawed aspects to our society that we must start to fix at the grassroots level. One of these is the...