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KARACHI: The Pakistan Stock Exchange (PSX) came under renewed selling pressure on Wednesday as investors took profits amid a deteriorating situation in the Middle East and a subsequent surge in oil prices. As a result, the benchmark KSE-100 index failed to sustain the overnight gains above the crucial barrier of 170,000 points.
Topline Securities Ltd said the PSX experienced volatile trading as investors navigated sharp swings in market sentiment. The benchmark index remained volatile throughout the session, recording an intraday high of 399 points and an intraday low of 984 points, reflecting heightened uncertainty and cautious investor behaviour.
Despite intermittent recovery attempts, sustained selling pressure across key sectors kept the market under strain, dragging the benchmark index to close at 169,427.44, down 903.12 points or 0.53 per cent.
The wide intraday range reflected a tug-of-war between cautious optimism and lingering concerns, with sentiment remaining fragile as participants assessed evolving macroeconomic cues and positioned ahead of key market triggers.
