The Pakistan Stock Exchange (PSX) closed almost unchanged on Thursday as mixed sentiment prevailed amid intensifying United States-Iran military exchanges and rising oil prices.
PSX witnessed a flattish session, with the KSE-100 Index gaining 153 points (+0.09% DoD) to close at 174,930.
Market sentiment remained mixed amid intensifying US-Iran tit-for-tat military strikes, with Iran targeting merchant vessels and the US striking IRGC sites, while oil prices continued to rise, said Ali Najib, the Deputy Head of Trading at Arif Habib Ltd.
Read: Oil edges down as investors weigh uncertainty over US-Iran strikes
On the macro front, Pakistan raised a record $3billion through high-yield bonds, comprising $1.75billion in five-year notes at 7.75% and $1.25billion in 10-year notes at 8.25%.
On the index contribution front, ENGROH, LUCK, NBP, HBL, MLCF, FCCL, PAEL, JVDC, ILP and EFERT collectively added 341 points.
Market activity remained relatively stable, with 625.7 million shares traded and total turnover of Rs25billion. TSIL topped the volume chart with 95 million shares traded.
Going forward, selective profit-taking and stock-specific volatility are expected amid the ongoing results season, while geopolitical developments and oil prices will remain key market drivers.
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