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KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday witnessed a volatile session as the index moved both ways, but late value-hunting helped the benchmark index hold minor gains above the key 180,000-point milestone, maintaining a positive close for the third straight session.
Topline Securities Ltd said the benchmark KSE-100 index closed marginally higher, settling at 180,511 points, up 118.05 points or 0.07 per cent from the previous close. Despite ending in the green, the market saw significant intraday volatility as investors took profits after the strong rally over the previous two trading sessions.
The index touched an intraday high of 181,358 points and a low of 179,564 points. Market activity remained robust, with total traded volume exceeding 1.23 billion shares. However, the traded value dipped 1.42pc to Rs69.2 billion.
Investor sentiment remained supported by easing concerns about global oil prices and improving expectations of geopolitical stability, particularly following recent developments on a potential US-Iran agreement and the anticipated reopening of the Strait of Hormuz. However, profit-taking in select heavyweight sectors limited overall gains.
