The Pakistan Stock Exchange (PSX) traded in a volatile range on Monday, with the benchmark KSE-100 Index giving up early gains as investor sentiment remained subdued amid uncertainty over the fragile US-Iran ceasefire and rising global oil prices.
The market opened on a positive note, with the KSE-100 Index climbing more than 400 points in early trade. By 9:39am, the benchmark was up 70.42 points, or 0.04%, at 179,641.68.
However, persistent volatility erased the gains, and by 12:44pm the index had slipped to 179,238.91, down 332.35 points, or 0.19%, reflecting a cautious mood among investors.
At midday, the benchmark index stood at 179,257.01, down 314.25 points, or 0.19%, as concerns over geopolitical tensions and higher oil prices continued to weigh on market sentiment.