Overview
- The KSE-100 closed at 171,153.16, gaining 268.58 points or 0.16% after an intraday high near 171,732.62 and a low near 170,902.75.
- The market extended a short-term rally that included an earlier jump of about 1,841 points and an intraday rise of roughly 800 points in the current session.
- Regional geopolitics in the Gulf and reports of changing oil shipments drove price swings that kept investor appetite for stocks restrained.
- Global factors also weighed on sentiment as US short-term Treasury yields moved higher following recent Federal Reserve hawkish guidance.
- Local market details showed higher trade volumes but lower total value, a marginal interbank rupee gain to 277.22, and Tasdeeq Information leading volumes with about 119.6 million shares, signaling concentrated trading activity.