PSX opens in green but quickly turns red amid volatile trade

KARACHI: The Pakistan Stock Exchange (PSX) began Wednesday’s session in positive territory, with the benchmark KSE-100 Index posting modest gains in the opening minutes of trade. By 9:32 AM, the index had climbed 399.84 points to reach 118,975.72, with a trading volume of 1.06 million shares.

However, the momentum quickly reversed as the index slipped into the red just two minutes later. By 9:34 AM, it had lost 375.43 points to stand at 118,200.45, while volume surged to 5.73 million shares.

Although the market attempted to recover some losses, by 9:43 AM, the index was still down 49.96 points or 0.04 per cent, at 118,525.

Despite the early dip, the KSE-100 Index remains significantly higher on a yearly basis. As of 9:45 AM, the market was up 59.21 per cent year-on-year. The year-to-date (YTD) gain stood at 3.07 per cent.

Over the past 52 weeks, the KSE-100 has traded between a low of 71,781.96 and a high of 120,796.67.

Previous close

On Tuesday, the PSX extended its bullish momentum, with the KSE-100 Index rising by 1,278.15 points or 1.09 per cent to close at 118,575.88. The session saw significant volatility, with the index swinging within a wide range of 3,207.19 points.

It touched an intraday high of 120,067.12 — up 2,769.39 points — before retreating to settle lower. The day’s low was recorded at 116,859.93.

The total trading volume on the KSE-100 was more than 366 million shares.

The All-Share Index closed at 73,307.73, up 997.70 points or 1.38 per cent. Overall market volume stood at 684.29 million shares, down from 732.88 million in the previous session. The traded value increased significantly to Rs52.59 billion, up Rs22.20 billion as compared to Monday.

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