The Pakistan Stock Exchange (PSX) on Wednesday landed in the green with the benchmark KSE-100 index gaining 289 points, up 0.76 per cent, to close at 38,208.

The index hit a day's high of 38,323 points in the first few minutes of the market opening. The benchmark, however, could not sustain the positive momentum and hit a day's low at 37,842 points during the intra-day trading.

In all, around 129.6 million shares worth Rs4.94 billion changed hands during the session. Of the 415 traded scrips, 206 advanced while 181 declined and 28 remained unchanged.

A JS Global report said that investors' "sentiments dampened in the cement sector on expectations of a slowdown in monthly cement numbers" due to seasonal factor.

Active participation was seen from the locals and the institutions in the banking sector, where HBL (+4.96pc), UBL (+4.57pc) and MCB (+2.65pc) closed in the green, the report reads.

The communication sector dominated trading with 32m shares traded, while the banking and power generation and distribution sectors followed with 20.5m and 10m shares traded respectively.

Volumes were led by:

-TRG Pak Ltd: 15.8m shares traded [+1.05pc];

-B.O.Punjab: 11.1m shares traded [-0.66pc];

-WorldCall Telecom: 10.5m shares traded [-4.99pc];

-K-Electric Ltd: 4.3m shares traded [-12.00pc];

-Lotte Chemical: 3.6m shares traded [-6.60pc].