The Pakistan Stock Exchange (PSX) opened the year on a positive note, with the benchmark KSE-100 index gaining 240 points to close at 40,711.

The index opened lower to hit a day's low of 40,170 before climbing to a high of 40,816 before the close of trading.

In all, 118.4 million shares worth Rs4.5 billion changed hands in the session. Of the 329 traded scrips, 170 advanced, 136 declined and 23 remained unchanged.

The engineering sector dominated trading with 20m shares traded, while the technology and communication sector followed with 19.2m shares traded.

Volumes were led by:

1. TRG Pak Ltd: 15.1m shares traded [+3.92pc];

2. Dost Steels Ltd: 14.0m shares traded [+9.74pc];

3. Engro Polymer: 9.5m shares traded [-2.07pc];

4. Dewan Cement: 8.2m shares traded [+3.82pc];

5. Dewan Motors: 4.4m shares traded [+3.98pc].