KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile session on Wednesday, with the benchmark KSE-100 Index fluctuating throughout the day before settling flat.
The market began on a positive note, with the KSE-100 Index reaching an intra-day high of 157,196.58. However, profit-taking during the session led to a pullback, dragging the index down to an intra-day low of 155,960.35. At close, the benchmark index settled at 156,177.81, down by just 3.13 points.
Meanwhile, the Ministry of Finance reaffirmed that Pakistan’s debt trajectory is more sustainable than the headline rupee figures suggest. The ministry pointed to improvements in the debt-to-GDP ratio, early loan repayments, reduced interest costs, and a stronger external account.
On Tuesday, PSX had extended its winning streak, driven by investor optimism after the State Bank’s positive remarks on the economy, despite the devastating floods in Eastern Punjab.
The Pakistani rupee maintained its upward trend, appreciating marginally by Re0.01 against the US dollar in the inter-bank market, closing at 281.50.
