KARACHI: The local bourse witnessed a mild pullback during today’s trading session; however, it managed to close firmly in positive territory as buyers regained control in the latter half of the day.
The benchmark index oscillated between volatility and strength, recording an intraday high of 1,265 points before settling at the 171,175 level, reflecting a gain of 984 points or 0.58%.
The upside momentum was largely driven by broad-based buying interest, supported by easing geopolitical tensions in the Middle East.
The absence of any conclusive escalation in the US–Iran dynamics, along with its calming effect on global oil prices, helped restore some investor confidence.
On the index contribution front, heavyweight stocks remained in focus, with Fauji Fertilizer Company Limited, Pakistan Petroleum Limited, Oil & Gas Development Company Limited, Lucky Cement Limited, and Pakistan Telecommunication Company Limited collectively contributing approximately 458 points to the benchmark’s gains.
Market participation improved compared to the previous session, with total traded volume reaching 697 million shares and traded value amounting to PKR 26.1 billion. Beco Steel Limited emerged as the volume leader, with 113 million shares changing hands during the session.
More read, Pakistan stock ends bearish as KSE-100 drops 831 points
Earlier, the benchmark KSE-100 Index ended Wednesday’s session on a bearish note, closing at 170,191 points down 831 points (−0.49%) from the previous close of 171,021.
The index traded in a wide intraday range, touching a high of 171,624 before sliding to a low of 169,790, reflecting persistent selling pressure throughout the session.
The decline was largely driven by profit-taking and cautious investor sentiment amid a lack of fresh positive triggers. Ongoing geopolitical tensions in the Middle East, particularly the absence of a conclusive US-Iran peace agreement and its impact on global oil prices, further dampened market confidence.
