Karachi, Pakistan – Web Desk: The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Wednesday, as investors adopted a cautious stance amid escalating geopolitical tensions in the Middle East.
The benchmark KSE-100 Index fluctuated sharply during intraday trade, touching a high of 157,962.47 points and a low of 154,790.73 points.
Despite the swings, the index managed to close up by 381.09 points at 157,514.07, marking a 0.24% gain compared to the previous close of 157,132.09.
Market analysts attributed the volatility to investor concerns over ongoing U.S.-Israel tensions with Iran, which have fueled uncertainty across global financial markets. Traders remained watchful of developments in the region, limiting aggressive buying.
Meanwhile, global oil prices climbed as supply concerns intensified. Brent Crude rose $1.17, or 1.4%, to $82.57 per barrel after hitting its highest level since January 2025. West Texas Intermediate (WTI) increased 72 cents, or 1%, to $75.28 per barrel, reaching its strongest level since June.
Oil markets have surged roughly 5% over the past two sessions, driven by fears of disruption in Middle East supply routes, particularly around the Strait of Hormuz. However, gains moderated after U.S. President Donald Trump suggested the possibility of naval escorts to safeguard shipping lanes.
Investors are expected to remain cautious as global geopolitical risks continue to influence equity and energy markets.
