Pakistan Stock Exchange (PSX) witnessed a mild rebound on Wednesday as KSE-100 index advanced by 313.44 points and reached 158,183.95 at closing session.
The benchmark index moved between an intra-day high of 159,516.41 and a low of 157,203.55 as investors remained wary amid ongoing political and security developments.
Trading was largely driven by selective buying, with participants hesitant to take aggressive positions until greater stability emerges on the evolving domestic political landscape and security developments that continue to influence market direction.
KTrade Securities wrote in its market wrap that PSX saw a mixed session following yesterday’s fallout as the KSE-100 index edged up 313 points, or +0.20% day-on-day, to close at 158,183 points. The fertiliser sector took centre stage, Fauji Fertiliser in particular stood out, single-handedly driving most of the day’s gains, while the broader market remained largely subdued.
Market participation stayed lacklustre. Looking ahead, investor sentiment is likely to remain sensitive to law-and-order developments, political clarity surrounding the 27th Constitutional Amendment, and the anticipated IMF tranche release.
Arif Habib Limited (AHL) observed that intra-day gains failed to hold, with supply still heavy and not allowing the KSE-100 to regain a 160k handle.Some 44 shares rose while 54 fell, with Fauji Fertiliser (+3.6%), Pakistan Services (+6.8%), and Pakistan Petroleum (+1.61%) contributing the most to index gains.