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

Enter the deputy PM

Enter the deputy PM

Clearly, something has changed since for this step to have been taken and there are shifts in the balance of power within.

Editorial

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...
Weathering the storm
Updated 29 Apr, 2024

Weathering the storm

Let 2024 be the year when we all proactively ensure that our communities are safeguarded and that the future is secure against the inevitable next storm.
Afghan repatriation
29 Apr, 2024

Afghan repatriation

COMPARED to the roughshod manner in which the caretaker set-up dealt with the issue, the elected government seems a...
Trying harder
29 Apr, 2024

Trying harder

IT is a relief that Pakistan managed to salvage some pride. Pakistan had taken the lead, then fell behind before...