Summary PSX remained volatile as US-Iran tensions rose, with KSE-100 swinging between losses and gains, while Asian markets fell and oil prices increased amid global uncertainty
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) witnessed continued volatility during trading on Wednesday amid renewed tensions between the US and Iran.
The benchmark KSE-100 index witnessed fluctuation between negative and positive territory.
At the start of trading, the market showed a downward trend, with the benchmark index falling by more than 800 points to reach 169,455 points.
However, during the session, sentiment improved and the market moved back into positive territory. The index later gained over 300 points, reaching 170,729 points.
On the previous trading day, the PSX had closed at 170,330 points, reflecting the ongoing fluctuations in market performance.
Meanwhile, Asian stocks tumbled and oil prices rose as Iran and the US engaged in their biggest exchange of hostilities since a ceasefire was agreed in April, with the markets also focused on upcoming US inflation data that could influence the rates outlook.
