The Pakistan Stock Exchange (PSX) witnessed a mixed early trading session on Wednesday, with the benchmark KSE-100 Index remaining in negative territory. The KSE-100 Index declined to 170,646.92 points, losing 374.85 points or 0.22 percent from the previous close of 171,021.77. The index witnessed volatility during the session, reaching an intraday high of 171,624.45 points before sliding to a low of 169,932.00 points. Trading volume on the main board increased to 75.73 million shares.
Profit-Taking Erases Early Gains
Market analysts noted that early gains could not be sustained as investors opted to book profits. The session remained range-bound with selective buying visible in a few stocks, while broader market sentiment stayed cautious amid ongoing economic developments.
Top Gainers and Losers
On the main board, PAKQATAR once again led the gainers with an increase of 2.1 points. Other notable performers included SPSL, which rose by 0.92 points, DCL, up 0.55 points, TBL, gaining 0.11 points, and OBOY, adding 0.33 points. On the losing side, CNERGY declined by 0.12 points and KEL shed 0.05 points.
OGDC Discovery Boosts Stock
In recent quotes, OGDC remained strong with a gain of 1.67 points (0.52%) after the news that OGDC has struck a significant hydrocarbon discovery at the Bobi Deep-1 well in the Sanghar district of Sindh, marking an important milestone for the company. AABS rose 0.73 points. However, PAEL and PPL faced mild selling pressure.
