Staff Reporter Karachi
The stock market extended its winning streak for the third consecutive day on Wednesday, supported by an increase in investor participation.
Traded value of shares at the Pakistan Stock Exchange surged to Rs50 billion – the highest in the past 13 years.
Earlier, the traded value came in at Rs51 billion on February 21, 2008. At close, the benchmark KSE-100 index recorded an increase of 136.87 points, or 0.3%, to settle at 45,544.20 points.
The exploration and production sector, which led the advance of the index the other day, remained negative on the back of an overnight decline in international crude oil prices by 7%.
On the other hand, refinery, technology and chemical sectors performed well with TRG Pakistan and Pakistan Telecommunication Company hitting their upper circuits. Trading in banking sector stocks was muted but positive.
