Pakistan equities closed Wednesday on a positive note with benchmark KSE-100 Index gaining 100 points, closing at 36,504 levels, up 0.3 percent. Market traded positive as banks rallied due to better than expected results as United Bank Limited (UBL) (+2.9%), Habib Bank Limited (HBL) (+0.7%) and MCB Bank (0.02%) reported their first quarter 2019 results Wednesday. After falling to nearly a 3 year low position in Tuesday’s session, Pakistan market recovered only 100 points in the day’s trading session. Investors remained ambiguous with regards to the upcoming amnesty scheme which is currently being deliberated, said an equity analyst at Top Line Research. Fauji Fertiliser Bin Qasim (FFBL) (-5%) in the Fertilizers closed at its lower circuit as the company reported its first quarter 2019 consolidated LPS of Rs 2.39 against LPS Rs0.26 during 2018 with no cash payout. In the Chemicals, Engro Plymer Chemicals Limited (EPCL) (-1.9%) announced first quarter 2019 consolidated EPS of Rs1.20 against Rs2.07 during first quarter 2018. Mixed sentiments were seen in Cements where DG Khan Cement (-0.6%) closed negative as the company reported nine months 2019 consolidated EPS of Rs5.71 against Rs10.82 during nine months FY18. Lucky Cement (+0.1%) and Fauji Cement Company Limited (FCCL) (+0.9%) closed in the green zone. UBL (+2.9%), HUBC (+2.5%), Oil Gas Development Company (OGDC) (+0.8%), HBL (+0.7%) and ENGRO (+0.6%) were among top scrip that cumulatively contributed 120 points to the positive closing. Traded value stood at $33 million, down 8 percent and volume stood at 116 million shares, down 3 percent. Major contribution to total market volume came from Lotte Chemical (+2.0%), Bank of Punjab (BOP) (+0.9%), TRG (-1.1%), Pioneer Cement Company (PIOC) (-0.7%) and Maple Leaf Cement (MLCF) (-3.1%). An equity analyst, Danish Ladhani expects market to remain choppy and volatile ahead. He recommends investors to stay cautious in the short run ahead of International Monetary Fund (IMF) meeting.