Investors monitor sectoral performance as equities recover and gold hits new highs in local and global markets
The Pakistan Stock Exchange (PSX) closed Wednesday on a mixed note, rebounding after a turbulent trading session. The benchmark KSE-100 Index gained 809 points to finish at 151,207, recovering from an intraday drop exceeding 2,600 points.
Investors were actively trading in major sectors including oil and gas, fertilizer, cement, and power generation, navigating volatile market conditions amid economic uncertainties. Analysts noted that market participants remain cautious, closely tracking sectoral performance for short-term trends.
Meanwhile, gold prices surged once again after a brief period of stability. Global rates increased by $11 per ounce, bringing the international gold price to $4,687 per ounce. Locally, the All Pakistan Sarafa Gems and Jewelers Association reported that gold rose by Rs 1,100 per tola to Rs 491,462, while 10 grams climbed Rs 943 to Rs 421,349. Silver, in contrast, slipped slightly, dropping Rs 50 per tola to Rs 7,744.
Market experts say the combined movement in equities and precious metals underscores ongoing sensitivity to both global market trends and domestic economic factors, with investors keeping a close eye on commodity prices for future market direction.
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