ISLAMABAD: The Pakistan Stock Exchange (PSX) experienced a volatile session on Thursday, with the benchmark KSE-100 Index fluctuating throughout the day before closing 500 points down.
Trading at the Pakistan Stock Exchange (PSX) opened on a positive note, with the benchmark KSE-100 Index reaching an intra-day high of 121,745.30.
However, escalating regional tensions triggered selling pressure, pulling the index down to an intra-day low of 119,770.03.
By the close of the session, the KSE-100 Index had settled at 120,002.59, marking a decline of 463.34 points or 0.38%.
On Thursday, a total of 604,536,506 shares were traded at the Pakistan Stock Exchange as compared to 707,300,056 shares on the last working day, whereas the price of shares stood at PKR 20.442 billion against PKR 21.273 billion on the previous trading day.
As many as 459 companies transacted their shares in the stock market, 155 of them recorded gains, and 269 met losses, whereas the share price of 35 companies remained unchanged.
On Wednesday, bearish sentiment dominated trading at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index closing at 120,465.93 after shedding 1,505.11 points.
On the global front, Asian stock markets declined on Thursday, while traditional safe-haven assets like gold and the Japanese yen gained ground, as investors grew increasingly anxious over the potential involvement of the United States in the escalating Israel-Iran conflict.
Adding to the uncertainty, former US President Donald Trump left the international community guessing about America’s possible military action.
Speaking to reporters outside the White House, he stated, “I may do it. I may not do it,” referring to potential strikes on Iranian nuclear sites.
According to The Wall Street Journal, Trump had informed senior officials that he had approved plans for an attack on Iran but was delaying the final order in hopes that Tehran might reconsider its nuclear ambitions.
