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KARACHI: Amid persistent geopolitical tensions, the Pakistan Stock Exchange (PSX) opened the week on a depressed note, with the market remaining under extreme volatility. However, late value-hunting allowed the benchmark KSE-100 index to close the session in the green with a meagre gain.
Topline Securities Ltd said the index closed marginally higher, gaining 124.95 points or 0.07 per cent to settle at 175,927.74, as strong late-session buying in heavyweight banking and refinery stocks erased sharp intraday losses. The market remained highly volatile throughout the session, reflecting cautious investor sentiment amid lingering geopolitical tensions and uncertainty in global energy markets.
The index traded within a wide 2,493-point range, reaching an intraday high of 176,129 (327 points) and an intraday low of 173,636 (-2,166 points) before recovering to close in positive territory. Value buying in select blue-chip stocks helped stabilise the market after early selling pressure.
On the sectoral front, banking and refinery stocks led the recovery, while selective buying in other index-heavy names provided further support to the benchmark. Nevertheless, overall market sentiment remained cautious as investors continued to monitor geopolitical developments and their potential implications for oil prices and foreign investment flows.
