KARACHI: Pakistan stocks gained 24 points on Wednesday amid mixed sentiments of investors during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 41,359 points from previous day’s closing of 41,335 points, showing a gain of 24 points.
READ MORE: Pakistan stocks shed 100 points due to prevailing political unrest
Analysts at Arif Habib Limited said that a positive session was recorded at the PSX during the day.
The market opened in green zone and traded within a narrow range throughout the day reaching an intraday high of 283.97 points as investors await for the government and IMF to reach a staff level agreement.
READ MORE: Stocks gain 97 points as investors hope IMF program approval
Investors’ involvement remained passive due to the prevailing political uncertainty, decent volumes were witnessed across the board.
Sectors contributing to the performance include Power Generation & Distribution (+43.8 points), Commercial Banks (+41.5 points), E&P’s (+22.8 points), Food & Personal Care Products (+9.2 points), and Engineering (+9.2 points).
READ MORE: Weekly Review: investors to eye on IMF loan program
Volumes increased from 160.1 million shares to 162.9 million shares (+1.7 per cent DoD). The average traded value also increased by 18.1 per cent to USD 22.7 million as against USD 19.2 million.
Stocks that contributed significantly to the volumes are HASCOL, TELE, WTL, HUBC and MLCF.
READ MORE: Pakistan stocks end up 666 points on IMF tranche hopes
