KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile session today (Thursday), with the benchmark index taking a beating in early trade before bouncing back.
The KSE-100 index hovered in the red for almost the entire session, recorded its intraday low at 40,113.95 (-457.53 points). The index, however, changed its direction, touching its intraday high at 40,735.84 (+164.36 points). It settled higher by 105.44 points at 40,735.84.
Among other indices, the KMI-30 index gained 156.36 points to end at 64,894.43, while the KSE All Share Index added 23.71 points, closing at 28,993.69.
The overall market volumes shrunk from 473.73 million shares in the previous session to 371.66 million shares (-22pc). Hascol Petroleum Ltd (HASCOL -7.48pc), K-Electric Ltd (KEL -1.43pc) and Unity Foods Ltd (UNITY -2.94pc) led the volume chart.
Sectors that helped the benchmark index close in the green included banking (+82.90 points), cement (+47.33 points) and oil & gas exploration (+26.52 points).
Equity markets around the world also displayed a positive trend, whereas crude oil prices slipped further from the previous close; WTI crude price declining 1.22pc to $39.73 while Brent crude price falling 1.21pc to $41.79.
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