The Pakistan Stock Exchange (PSX) ended Wednesday’s session slightly lower as investors remained cautious with mixed sectoral performance keeping the benchmark index under mild pressure, reported 24NewsHD TV channel on Wednesday.
In the early session, the KSE-100 index surged by 2,047.87 points, climbing to 158,224.99, marking a 1.31%.
However, the bullish momentum weakened as the session progressed, and the gains turned narrower, reflecting ongoing volatility in the market.
The KSE-100 Index concluded the trading session at 155,858.47, posting a marginal decline of 318.65 points or 0.20%.
Total market volume stood at 441.88 million shares, compared to 486.52 million in the previous session, while traded value was recorded at Rs24.98 billion, down Rs6.23 billion.
In terms of index-point contributions, companies that dragged the index lower included UBL (-212.69pts), PPL (-128.21pts), OGDC (-117.19pts), MEBL (-92.82pts), and MARI (-83.07pts). Meanwhile, companies providing the most support were ENGROH (+308.64pts), BAHL (+181.90pts), AKBL (+87.28pts), NBP (+82.72pts), and AICL (+63.84pts).
The slight pullback comes a day after the market posted a sharp rebound, suggesting investors opted for cautious trading and selective profit-taking amid lingering uncertainty in global energy markets and geopolitical developments.
Earlier, the Pakistan Stock Exchange (PSX) rebounded sharply, with the benchmark index jumping more than 6% after sentiment in global markets improved following US President Donald Trump’s prediction that the ongoing war in the Middle East could soon de-escalate.
The KSE-100 Index settled at 156,177.12 points, up 9,696.98 points, or 6.62%.
During the session, the index climbed to an intraday high of 158,354.12 (up 11,873.98 points, or 8.12%) and fell to a low of 155,294.65 (up 8,814.51 points, or 6.02%).
Reporter: Kawish Memon