Equities rose sharply on Tuesday as hopes of a deal to end the Middle East conflict lifted sentiment, though thin volumes pointed to lingering investor caution.
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed at 148,743.31 points, up 1,900.34 points, or 1.29%, against the previous close of 146,842.97.
The index traded between a high of 150,225.63, up 3,382.66 points or 2.3%, and a low of 147,743.67, up 900.70 points or 0.61%.
“Market has currently opened up on hopes of a deal to end the Middle East conflict, but remains directionless due to the prevalent uncertainty,” said Ahfaz Mustafa, Chief Executive Officer of Ismail Iqbal Securities.
“Volumes are also reflecting a lack of investor participation, and the market is moving on very thin volumes,” he added.
