Summary PSX sees volatile trade, touching 166,382 high and 161,993 low; KSE-100 up 102 points. Global markets mixed as fragile Gulf truce, oil concerns keep investors cautious.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) is witnessing volatile trading on Thursday as investors remained cautious amid ongoing and fragile talks between the United States and Iran.
During the day, the index has touched a high of 166,382.34 before slipping to a low of 161,993.00, reflecting volatility.
After witnessing a dip, the KSE-100 index recovered by 102.74 points to reach 165,913.74 points compared to previous close of 165,811.
Trading activity remained steady, with a total volume of 174,472,313 shares exchanged.
The market remained open as investors monitored developments and adjusted positions accordingly.
Meanwhile, Asian share markets were in a sober mood on Thursday as cracks quickly began to appear in the fragile Gulf truce, nudging oil prices back up and reminding investors the inflationary fallout would last a long time yet.
Crucially, there was scant sign that the Strait of Hormuz was open in any meaningful way, with Iran flexing its control over the vital oil artery and demanding tolls for safe passage.
Japan's Nikkei (.N225) dithered either side of flat, after jumping 5.4% the previous session. South Korea (.KS11) dipped 0.4%, following a leap of 6.8%.
Chinese blue chips (.CSI300) slipped 0.6%, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.7%.
On Wall Street, S&P 500 futures and Nasdaq futures were both off 0.2% as Wednesday's surge petered out.
For a mixed Europe, EUROSTOXX 50 futures eased 0.1%, while DAX futures fell 0.5% and FTSE futures rose 0.4%.
