PSX Closing Bell: Green Wave Sweeps In

Mettis Global reported that the KSE-100 index closed Wednesday's session at 165,417.50, a gain of 641.06 points or 0.39 per cent. The index moved across a 1,569.01-point range, peaking at 165,629.34 and dipping to 164,060.33 during trading. Volume in the index reached 149.81 million shares.

Buying in banking, cement, fertilizer and investment stocks lifted the benchmark, as investors added select heavyweight names after a recent slide. Of the 100 index companies, 59 advanced, 40 declined and one finished unchanged. BML led the gainers with a 10.01 per cent rise, followed by TRG, CNERGY, IMAGE and HMB.

NATF, NCPL, PTC, JDWS and SCBPL were the top losers in the session, while ENGROH, LUCK, FFC, BAHL and NBP contributed the most index points. Power Generation and Distribution, however, pulled the index down by 36.82 points. Over the fiscal year the KSE-100 is down 14,884 points or 8.26 per cent, and it has fallen 8,637 points or 4.96 per cent so far in this calendar year.