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

The Dar story continues

The Dar story continues

One wonders what the rationale was for the foreign minister — a highly demanding, full-time job — being assigned various other political responsibilities.

Editorial

Wheat protests
Updated 01 May, 2024

Wheat protests

The government should withdraw from the wheat trade gradually, replacing the existing market support mechanism with an effective new one over the next several years.
Polio drive
01 May, 2024

Polio drive

THE year’s fourth polio drive has kicked off across Pakistan, with the aim to immunise more than 24m children ...
Workers’ struggle
Updated 01 May, 2024

Workers’ struggle

Yet the struggle to secure a living wage — and decent working conditions — for the toiling masses must continue.
All this talk
Updated 30 Apr, 2024

All this talk

The other parties are equally legitimate stakeholders in the country’s political future, and it must give them due consideration.
Monetary policy
30 Apr, 2024

Monetary policy

ALIGNING its decision with the trend in developed economies, the State Bank has acted wisely by holding its key...
Meaningless appointment
30 Apr, 2024

Meaningless appointment

THE PML-N’s policy of ‘family first’ has once again triggered criticism. The party’s latest move in this...