KARACHI: The Pakistan Stock Exchange (PSX) regained its lost momentum as the index consolidated modest gains above the 39,000 mark. Volume charts showed investors’ interest to be concentrated in low and mid-tier stocks. The benchmark KSE-100 index made an intra-day high of 39,196.15 points, up by 178.83 points and dropped to a low of 38,966.44 after a loss of 20.88 points. The index closed with decent gain of 130.01 points at 39,147.33. The KMI 30 index traded between the band of positive 325.16 points and negative 75.45 points to end up 163.80 points at 69,715.76. The KSE All Share settled at 26,119.14 with 69.22 points positive. The advancers-to-decliners ratio for the session stood at 152 to 163. The market volumes surged to 197.06 million from last session’s 165.96 million. The transport sector was highest traded with 24.17 million shares exchanged. Pakistan International Bulk Terminal Limited (PIBTL +2.03%) was market leader with volume of 22.56 million. The cement sector followed, led by Dewan Cement Limited (DCL +1.74%). Healthy volumes were seen in the script after updates on winding-up petition filed against the company by the lenders. Gharibwal Cement Limited (GWLC +4.99%) hit the upper circuit breaker price, also its 52-week high, after it announced signing of agreement with Chinese company (CITIC Group) for development of industrial park/estate in Punjab. The project is subject to necessary regulatory approvals and completion of feasibility study of project. Earnings’ announcements came in during the day from big names. Honda Atlas Cars (Pakistan) Limited (HCAR -1.38%) declared results for the first quarter of financial year 2017. Company sales were down 13.59% QoQ to Rs 10.53 billion. Sales in the same period last year were Rs 11.37 billion. After taxation profit clocked at Rs 1.05 billion, which translated into earnings per share of Rs 7.36. Results lacked any payout announcement as expected by the market. United Bank Limited (UBL +2.04%) came up with their second quarter results for 2016. Mark-up earned increased 11.43% to Rs 26.10 billion and net profit dropped from Rs 7.30 billion in the last quarter to Rs 7.00 billion. The bank declared another interim cash dividend of Rs 3.00 per share in line with market anticipation along with earnings per share of Rs 5.71. Fauji Fertilizer Bin Qasim Limited (FFBL +3.04%) reported a quarter of loss. Loss after taxation mounted to Rs 3.81 million and Rs 0.41 per share despite a 68.98% growth in profits.