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PSX remains volatile till midday

PSX remains volatile till midday

KARACHI: The Pakistan Stock Exchange (PSX) remained volatile till midday as the benchmark 100-index gained only 14 points to reach 43267 points level on Wednesday.

The stocks witnessed fluctuation in early trading and shed 11.34 points to reach 43242 points level.

On Tuesday, bullish sentiments prevailed at the PSX, pushing the benchmark KSE 100-index up by 412 points. The index closed at 43,253 points.

E&P sector closed in the green as crude oil prices rose back to five-month high; PPL (up 0.58%) and OGDC (up 0.16%) were the major gainers of the mentioned sector. Fertilizer sector stocks witnessed strong buying and gained to contribute 118 points to the KSE 100-index, where FFC (up 5%), FATIMA (2.84%) and EFERT (2.79%) were key performers. Engineering and technology sectors dominated the session with 43m and 37m shares traded, respectively.

Traded volumes also improved by 92% DoD as a total of 219m shares were traded through the trading session. While traded value also increased to Rs11.2b/$107m. Shares of total 391 active companies were traded in the session of which 271 concluded in green, 108 in red while 12 remained unchanged.