KARACHI: The Pakistan Stock Exchange (PSX) managed to end its ninth straight session in green on Wednesday and the benchmark KSE-100 index achieved the 32,000 psychological mark. The index slumped trading early with crude oil prices in red globally. Prices continued to be volatile as fear of oversupply mounted and economic data of China, which consumes 12% of crude, remained weak. Investors resorted to buying later in the session as crude oil moved into the green zone. Range bound trading continued at the bourse as indexes swung both ways. KSE-100 index dived 182.54 points before recovering to +223.33 points. The index shed half of the day’s gain and closed 123.45 points up at 32,084.06. KMI 30 plummet 323.38 points and shot up 208.56 points but failed to sustain gains and ended up only 22.57 points at 54,462.19. KSE All Share traded between -110.04 points and +118.11 points to settle with +79.36 points at 22,389.26. The market volumes appreciated further to 147.254 million. Cement sector persisted its dominance over the volume table. Dewan Cement Limited (DCL +2.84%) was highest traded while Safe Mix Concrete Limited (SMCPL +3.48%) was highest gainer. Majority of the scripts ended lower despite market analysts anticipating raising local demand in future as projects attached to the China Pakistan Economic Corridor (CPEC) unveil. Maple Leaf Cement Factory (MLCF) and Lucky Cement Limited (LUCK) succeeded to grab slight gains of 0.66% and 0.24% while Bestway Cement Limited (BWCL), Kohat Cement Limited (KOHC) and Dera Ghazi Khan Cement (DGKC) dropped 1.38%, 1.27% and 0.16% respectively. The power generation and distribution sector made a fresh entry on the volume chart post announcement of $43 million concessional loan by the Japanese government. The loan is part of the ‘Energy Sector Reform Program’, co-financed by the Asian Development Bank, the World Bank and the Japanese government. Tri-Star Power (TSPL) was up 30.40%, Kohinoor Energy Limited (KOHE) rose 4.32% and Pakgen Power Limited (PKGP) clinched 3.10%. Engro Powergen Qadirpur Limited (EPQL -3.06%) lagged in the sector after announcement of financial results for the year 2015. Profit after taxation was down 11% to Rs 1.80 million although sales were up by the same percentage. Earnings per share for the year stood at Rs 5.55 against last years Rs 6.24. Commercial banks were next on the volume table but sentiments remained mixed. Habib Bank Limited (HBL) gained a handsome 2.58% while United Bank Limited (UBL) was up a minor 0.25% and MCB Bank Limited (MCB) fell 0.40%. Oil and gas exploration sector revived after early dip. Mari Petroleum Limited (MARI) finished with returns of 4.17% and Oil and Gas Development Company (OGDC) with 1.30%. Pakistan Petroleum Limited (PPL +0.99%) and Pakistan Oilfields Limited (POL +0.95%) also ended higher.