Pakistan Stock Exchange (PSX) experienced an exceptional trading session on Wednesday as bulls dominated the market amid higher volumes with the benchmark KSE-100 index gaining 1,031 points, or 2.50 per cent, to cross the 42,000 mark.
The index took off from Tuesday’s close of 41,279, continuing on an upward spiral throughout the session to hit the day’s high of 42,346 points and close at 42,310 points.
173.81 million shares worth Rs9.67 billion were traded in the market, with investors shunning caution as Lahore successfully hosted the first T20 of the World XI tour.
The textile sector dominated day’s trading with 26.2m shares traded while commercial banks and technology sectors followed with 21.4m and 17.6m shares traded, respectively.
A total of 360 symbols were traded in the market of which 252 advanced, 87 declined and 21 remained unchanged.
Volumes were led by: Azgard Nine: 22.1m shares traded [-1.62pc]; TRG Pak Ltd: 11.1m shares traded [+3.39pc] B.O.Punjab: 9.0m shares traded [+0.60pc]; Aisha Steel Mill: 8.7m shares traded [+3.99pc] and K-Electric Ltd: 8.4m shares traded [+2.72pc]