The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 147 points on Wednesday to close at a fresh all-time high of 165,640 points.
A total of 1,639,021,153 shares were traded during the day compared to 1,349,798,022 shares the previous day, whereas the share value stood at Rs. 69.66 billion against Rs. 76.77 billion on the last trading day.
As many as 486 companies transacted their shares in the stock market, out of which 173 recorded gains, 287 sustained losses, whereas 26 remained unchanged.
In a note, brokerage house Topline Securities said that a tug of power was observed in today’s trading session as both bulls and bears fiercely contested for dominance. The benchmark index surged to an intraday high of 1,029 points, before heavy selling pressure dragged it down to an intraday low of 1,338 points.
READ MORE: Bulls Rampant as PSX Closes Above 165,000 Mark for First Time
On the sectoral front, MARI, MEBL, FATIMA, and BOP collectively contributed +694 points to the index, while ENGROH, HUBC, HBL, PPL, and BAHL weighed down sentiment with a combined drag of -481 points, it added.
