The Pakistan Stock Exchange (PSX) on Wednesday closed on a flattish note after experiencing some intra-day instability, with the benchmark KSE-100 Index gaining only 57 points to close at 41,544.

The market had shown positive activity in the first few minutes of the session, spiking to a day's high of 41,820 points, before adopting a downward momentum. It hit a day's low of 41,289 points close to the mid-point of the session. The benchmark, however, recovered from in the second half of the session and managed to close in the green.

Volumes slightly dropped, with 233.6 million shares worth Rs9.3 billion changing hands during the session. A total of 370 companies' shares were traded, out of which 160 advanced, 190 declined, and 20 remained unchanged.

A JS Global report held "concerns over ongoing [tensions in] US-Pakistan relations" responsible for the volatility in the market.

The volume leader in today's session was K-Electric (+4.0pc) with 47mn share exchanging hands on the back of rumors that a deal between the utility and Shanghai Electric is all set to finalise in coming days.

The power generation and distribution sector dominated trading with 50.4m shares traded, while the communication and cement sectors followed with 25.3m and 25.0m shares traded respectively.

Volumes were led by:

K-Electric Ltd: 47.4m shares traded [+4.01pc];

B.O.Punjab: 13.4m shares traded [+3.49pc];

TRG Pak Ltd: 11.3m shares traded [-2.42];

WorldCall Telecom: 10.6m shares traded [+2.15pc];

Fauji Cement: 9.4m shares traded [-0.08pc].