KARACHI - Pakistan Stock Exchange (PSX) benchmark KSE 100-index, after a seesaw, landed back into the green zone on Wednesday, closing up 39 points at 39,673 points. Positive sentiment in the market was observed as the PM showed interest towards local furnace oil in ECC meeting, along with anticipated OPEC meeting leading to buying interest in OGDC and lastly local buyers showing interest in ENGRO, brokers said.

Investor interest continued in ENGRO (up 4.2%) with $12.3m worth of shares exchanging hands as yesterday was the last date of trading before the Rs7.0/sh dividend is excluded, while after today’s closing the stock will no longer be a part of the MSCI Emerging Markets Index, said dealer at Topline brokerage.

Top index point contributors were ENGRO (up 4.2%), OGDC (1.6%), TRG (4.7%), PMPK (5%) & KEL (2.6%), adding 129 points, while UBL (down 1.8%), HUBC (1.9%), HBL (0.8%), POL (0.9%) & MCB (0.9%) held back 100 points from the index.

On the sector front, fertilizer contributed 73 points, technology added 18 points, tobacco 15 points, E&Ps 10 points, textile 8 points, while banks eroded 50 points, power 23 points and insurance 8 points.  TRG, KEL, ANL, FCCL and EFERT were the volume leaders, contributing 46% to the total volume.

Average current volumes witnessed an increase of 1.7% to 115m shares. Likewise, average traded value also increased by 23% to USD 62m.

Scrips of total 346 active companies traded in the session of which 185 closed in advance, 141 in decline while 20 remained unchanged.