PSX sees mixed trend amid regional tensions

The Pakistan Stock Exchange (PSX) was uneven on Wednesday as the benchmark KSE-100 Index oscillated between gains and losses on the back of continuing regional tensions involving the United States and Iran.

The benchmark KSE-100 Index started on the plus side and recovered early, hitting an intraday high of 173,174.48 points.

But the gains could not be held as the index ultimately fell into negative territory. It dropped 42.86 points or 0.02% to 172,599.30 points from previous close of 172,642.16 points.

However, the market bounced back again and the KSE-100 Index recovered 154 points from its earlier position to close at 172,796.56 points, proving the unpredictable character of the trading session.

Earlier on Tuesday, the benchmark KSE-100 index extended its downward trend and lost 993.92 points, or 0.57 percent, to settle at 172,642.16 points against 173,636.08 points in the previous trading session.

In the ready market, the trading volume was recorded at 722.624 million shares as opposed to 679.188 million shares in the last session, while the value of shares traded was recorded at Rs 27.942 billion as compared to Rs 23.692 billion in the last session.

Market capitalization fell to Rs 19.295 trillion from Rs 19.434 trillion a day earlier.