KSE-100 gains 306 points despite Middle East uncertainty

During the session, the index traded between an intraday high of 176,113 and a low of 173,636.

KARACHI: Pakistan’s stock market closed higher on Monday after a volatile trading session, with the benchmark KSE-100 Index gaining 306 points to settle at 176,109, as investors balanced profit-taking against cautious buying.

During the session, the index traded between an intraday high of 176,113 and a low of 173,636. A total of 671.3 million shares worth approximately Rs 30 billion were traded.

Trading activity was recorded in 566 listed companies, with 165 stocks advancing, 277 declining, and the remaining issues closing unchanged. The benchmark index had ended the previous trading week at 175,802 points.

Market analysts said investor sentiment remained cautious due to escalating tensions in the Middle East, while profit-taking in select stocks contributed to sharp intraday fluctuations before the market recovered to finish in positive territory.