After the positive change of 0.20 percent, the index closed at 81,967.01 points as compared to 81,804.59 points on the last working day, according to data available at the PSX website.
The data further revealed that as many as 360,987,426 shares were traded during the day as compared to 359,081,585 shares the previous trading day, whereas the price of shares stood at Rs 15.391 billion against Rs. 17.160 billion on the last trading day.
A total of 448 companies transacted their shares in the stock market, 164 of them recorded gains and 221 sustained losses, whereas the share price of 63 companies remained unchanged, it showed.
The stock market reported that the three top trading companies were Agha Steel Industries with 30,832,938 shares at Rs 10.72 per share, WorldCall Telecom with 26,473,160 shares at Rs 1.21 per share and Fauji Cement with 20,045,582 shares at Rs 27.41 per share.
The PSX data revealed Rafhan Maize Products Company Limited witnessed a maximum increase of Rs 187.57 per share price, closing at Rs 6,999.00, whereas the runner-up was Unilever Pakistan Foods Limited with Rs 28.80 rise in its per share price to Rs 17,295.80.
Hoechst Pakistan Limited witnessed a maximum decrease of Rs 48.14 per share closing at Rs 2,010.03 followed by Lucky Core Industries Limited with Rs 28.86 decline to close at Rs 1,021.90, the data showed.
Meanwhile, the per tola and 10-gram prices of 24-karat gold on Wednesday increased by Rs600 to Rs275,500 and Rs515 to Rs236,197 respectively.
The per tola price of the precious metal sold at Rs275,500 compared to its sale at Rs. 274,900 on last trading day, the All Sindh Sarafa Jewellers Association reported.
Likewise, the price of 10-gram of 24-karat gold also increased by Rs515 to Rs236,197 from Rs235,682. The association added the price of 10-gram of 22-karat gold went up to Rs216,514 from Rs216,042.
According to FX Street, gold price struggled to capitalize on the previous day’s sharp rise of over 1%, triggered by a further escalation of geopolitical tensions in the Middle East and attracts fresh sellers on Wednesday. The US Dollar (USD) sticks to its recovery gains registered over the past two days amid signs of a still resilient US labor market and diminishing odds for a more aggressive policy easing by the Federal Reserve (Fed). This, in turn, is seen as a key factor exerting some downward pressure on the non-yielding precious metal.
The downside for the gold price, however, seems cushioned in the wake of the risk of a full-blown war in the Middle East. The fears resurfaced after Iran fired ballistic missiles at Israel on Tuesday, which continues to weigh on investors sentiment and should act as a tailwind for the safe-haven precious metal, it said.
Meanwhile, the price of per tola and ten gram silver remained constant at Rs.3,050 and Rs.2,614.88 respectively.
