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KARACHI: The Pakistan Stock Exchange (PSX) ended a volatile three-session trading week on a positive note, with a strong recovery in the final session helping the benchmark KSE-100 index post modest gains ahead of the extended Ashura holidays.
According to Arif Habib Ltd, the KSE-100 index settled at 179,571 points, up 649 points, or 0.36 per cent week-on-week. The gain was largely attributed to easing geopolitical tensions following the signing of a peace memorandum of understanding and improved investor sentiment despite the rollover week.
Market activity remained uneven during the shortened week, with the index declining over the first two sessions before rebounding on Wednesday. Analysts said the recent de-escalation in tensions involving the US and Iran supported sentiment and raised hopes of greater market stability in the coming week.
Among key economic developments, petrol and high-speed diesel prices were reduced by Rs74.28 and Rs67.31 per litre to Rs299.50 and Rs311.47, respectively, reflecting lower ex-refinery prices and a cut in the petroleum levy.
