The Pakistan Stock Exchange (PSX) on Tuesday see-sawed into the green, with the benchmark KSE-100 Index gaining 84 points to close at 42,995, five points shy of the 43K level.

The benchmark KSE-100 Index showed mixed activity throughout the session. It hit a day's low of 42,607 points during intra-day trading, whereas it reached a day's high of 43,117 points near the close.

In all, 144.8 million shares worth Rs6.8 billion changed hands during the session. Of the 342 traded scrips, 153 advanced, 164 declined and 25 remained unchanged.

An Elixir Securities report called the session "range-bound and lackluster".

"The market opened on a dreary note and witnessed extremely low turnover particularly in the early hours as most investors refrained from participation due to lack of direction and any positive triggers in sight," the report read. Subsequently, institutional activity in selected names picked up and helped the market record a turnover of $62m by the end of trading, the report added.

Overall, the chemical sector dominated trading with 19m shares traded, while the cable and electrical goods, and communication sectors followed with 16.4m and 13.2m shares changing hands.

Volumes were led by:

  • Pak Elektron: 14.8m shares traded [-2.05pc];

  • TRG Pak Ltd: 9.2m shares traded [-1.07pc];

  • Agritech Limited: 8.8m shares traded [+14.60pc];

  • Dost Steels Ltd: 8.3m shares traded [+5.33pc];

  • Fauji Foods Ltd: 6.9m shares traded [+0.15pc].

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

Opinion

Budgeting without people

Budgeting without people

Even though the economy is a critical issue, discussions about it involve a select few who are not really interested in communicating with the people.

Editorial

Iranian tragedy
Updated 21 May, 2024

Iranian tragedy

Due to Iran’s regional and geopolitical influence, the world will be watching the power transition carefully.
Circular debt woes
21 May, 2024

Circular debt woes

THE alleged corruption and ineptitude of the country’s power bureaucracy is proving very costly. New official data...
Reproductive health
21 May, 2024

Reproductive health

IT is naïve to imagine that reproductive healthcare counts in Pakistan, where women from low-income groups and ...
Wheat price crash
Updated 20 May, 2024

Wheat price crash

What the government has done to Punjab’s smallholder wheat growers by staying out of the market amid crashing prices is deplorable.
Afghan corruption
20 May, 2024

Afghan corruption

AMONGST the reasons that the Afghan Taliban marched into Kabul in August 2021 without any resistance to speak of ...
Volleyball triumph
20 May, 2024

Volleyball triumph

IN the last week, while Pakistan’s cricket team savoured a come-from-behind T20 series victory against Ireland,...