KARACHI: The benchmark KSE-100 Index closed Wednesday's session on a marginally positive note, settling at 180,511 points, up 118 points (+0.07%) from the previous close.
Despite ending in the green, the market witnessed significant intraday volatility as investors engaged in profit-taking following the strong rally recorded over the previous two trading sessions.
The index touching an intraday high of 181,358 points and a low of 179,564 points. Market activity remained robust, with total traded volume exceeding 1.23 billion shares and traded value reaching approximately Rs69.2 billion.
Investor sentiment remained supported by easing concerns over global oil prices and improving expectations regarding geopolitical stability, particularly following recent developments related to a potential US-Iran agreement and the anticipated reopening of the Strait of Hormuz. However, profit-taking in select heavyweight sectors limited overall gains.
On the index contribution front, index heavyweights FATIMA, PPL, OGDC, MTL, and SHFA emerged as the primary drivers of upside momentum, collectively contributing 611 points to the benchmark's gain.
More read, Karachi stock market ends higher as KSE-100 gains 3,353 points
Earlier, Pakistan Stock Exchange (PSX) closed on a strong positive note as bullish momentum returned to trading activity.
The benchmark KSE-100 Index rose by 3,353 points, closing at 180,392 points. With this gain, the psychological barrier of 180,000 points was once again restored in the market.
During the trading session, shares worth Rs 69 billion were traded, involving approximately 1.21 billion shares.
A total of 564 companies participated in the trading session. Of these, share prices of 304 companies increased, while 165 recorded declines.
