KARACHI: The Pakistan Stock Exchange (PSX) saw a volatile session on Wednesday, with the benchmark KSE-100 Index swinging both ways before settling flat at 165,640.33, up 146.75 points or 0.09%.
The session began on a positive note, with the KSE-100 reaching a record intra-day high of 166,522.61. However, profit-taking by investors drove the index down to an intra-day low of 164,155.32 before it recovered at the close.
On Tuesday, the IMF sought progress on streamlining the National Finance Commission (NFC) process during its ongoing technical discussions with Pakistan’s finance ministry as part of the second review under the $7 billion Extended Fund Facility (EFF) and the first review of the Resilience and Sustainability Facility (RSF).
Meanwhile, the PSX ended Tuesday’s trading session on a bullish note, with the KSE-100 Index gaining 1,645.90 points, or 1%, to settle at 165,493.59.
