Equities eke out gains in volatile session
KARACHI: The Pakistan Stock Exchange (PSX) witnessed extreme volatility on Wednesday. It opened in positive territory, extending the previous session’s bullish momentum, but mid-session profit-taking pushed the benchmark KSE-100 index into the red. The index recovered on value-hunting toward the close, ending with a marginal gain as regional and political uncertainty weighed on investor…
The Pakistan Stock Exchange (PSX) experienced a volatile trading session on Wednesday, with the benchmark KSE-100 index initially opening in positive territory but eventually closing with only a marginal gain due to profit-taking. Trading remained cautious amid regional and political uncertainty, as well as higher international oil prices.
Major gainers included United Bank, Systems Ltd, Pakistan State Oil, Pakistan Telecommunications Company, and K-Electric, while Mari Energies, Meezan Bank, Lucky Cement, Hub Power, and Oil and Gas Development Company were among the major laggards. Analysts anticipate that the index may sustain its recovery if oil prices remain stable and Middle East risks ease, although geopolitical uncertainty may continue to keep volatility elevated.
Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
