The Pakistan Stock Exchange (PSX) continued in the green on Wednesday, with the benchmark KSE-100 Index gaining 419 points to close at 43,359.

The index opened lower, touching the day's low of 42,874 points, before rebounding and continuing to gain points and hitting the day's high of 43,386 points before close.

Volumes fell from Tuesday's levels as 151 million shares worth Rs6.65 billion were traded in the session. Of the total of 375 traded scrips, 238 advanced, 114 declined and 23 remained unchanged.

"The gains were supported by investors' belief that the protests by opposition parties on Mall Road Lahore will be temporary and may not heighten any political risk," Topline Research noted.

The commercial banking sector dominated trading with 17.79m shares traded while textile and cement followed with 16.0m and 14.9m shares traded.

Volumes were led by:

  1. Pace (Pak) Ltd: 10.9m shares traded [-4.21pc];

    1. Azgard Nine: 10.4m shares traded [+5.19pc];
  2. Lotte Chemical: 6.8m shares traded [+4.23pc];

  3. K-Electric Ltd: 6.5m shares traded [-0.95pc];

  4. Faysal Bank: 6.2m shares traded [+0.12].

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

Opinion

Editorial

Impending slaughter
Updated 07 May, 2024

Impending slaughter

Seven months into the slaughter, there are no signs of hope.
Wheat investigation
07 May, 2024

Wheat investigation

THE Shehbaz Sharif government is in a sort of Catch-22 situation regarding the alleged wheat import scandal. It is...
Naila’s feat
07 May, 2024

Naila’s feat

IN an inspirational message from the base camp of Nepal’s Mount Makalu, Pakistani mountaineer Naila Kiani stressed...
Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
Updated 06 May, 2024

Terrains of dread

Restored faith in the police is unachievable without political commitment and interprovincial support.
Appointment rules
Updated 06 May, 2024

Appointment rules

If the judiciary had the power to self-regulate, it ought to have exercised it instead of involving the legislature.