It was a good day for traders at the Pakistan Stock Exchange as the KSE-100 Index closed in the green zone on Wednesday, gaining 186.90 points (0.44%) to settle at 42,983.75 after making a high of 43,097.57 during the trading.
As the session closed, the total volume of the KSE-100 Index (trading volume) stood at 83.47 million shares, representing a decrease of 14.21 percent when compared with the previous day’s figures of 97.30 million.
In terms of sectors, most of the positive contributions came from fertilizer, technology, investment banks, power generation companies and the chemical sector which cumulatively added 285.19 points to the index tally by the day’s end.
Out of 92 companies’ shares traded today 34 companies recorded gains and 51 companies sustained losses and seven companies’ share remains unchanged.
Throughout the session, Pakistan equities remained rangebound due to political uncertainty, and dollar shortage.
More importantly, the IMF programme’s 10th review is being delayed because of friction between authorities over revenue shortages and fiscal slippage that has shattered investors’ confidence.