KARACHI: The Pakistan Stock Exchange shed most of the early gains but remained positive as the benchmark 100-index added 40.92 points to reach 44240.32 points level till midday.
Earlier, the stocks continued its upward journey and gained another 285.34 points in early trading to reach 44484.74 points level.
On Tuesday, the buying spree in almost all scrips catapulted PSX to new highs, resultantly the bench mark shares index reached around 44,200 level by rallying 459 points.
Cement sector led the gains on the back of strong cement dispatch numbers released by APCMA which indicated 11 percent YoY growth in November 2016. FCCL and DGKC were major movers of the aforementioned sector, as they gained to close near their respective upper circuits. Volume rose to 372.5 million shares as compared to 345.4 million shares changed hands, while traded value also increased to Rs19.7 billion/$188 million. Out of total 431 active companies took part in the session, 231 concluded in positive, 186 in negative, whereas 14 went unchanged.