Stocks end slightly up as KSE-100 gains 118 points in choppy trade

The index touching an intraday high of 181,358 points.

KARACHI: The benchmark KSE-100 Index closed Wednesday’s session on a marginally positive note, settling at 180,511 points, up 118 points (+0.07%) from the previous close.

Despite ending in the green, the market witnessed significant intraday volatility as investors engaged in profit-taking following the strong rally recorded over the previous two trading sessions.

The index touching an intraday high of 181,358 points and a low of 179,564 points. Market activity remained robust, with total traded volume exceeding 1.23 billion shares and traded value reaching approximately Rs69.2 billion.

Investor sentiment remained supported by easing concerns over global oil prices and improving expectations regarding geopolitical stability, particularly following recent developments related to a potential US-Iran agreement and the anticipated reopening of the Strait of Hormuz. However, profit-taking in select heavyweight sectors limited overall gains.

On the index contribution front, index heavyweights FATIMA, PPL, OGDC, MTL, and SHFA emerged as the primary drivers of upside momentum, collectively contributing 611 points to the benchmark’s gain.