The Pakistan Stock Exchange (PSX) witnessed a volatile session with the benchmark index losing nearly 300 points on Thursday.
At close, the benchmark KSE-100 Index settled at 165,517.51, a decline of 293.49 points or 0.18%.
Selling pressure was seen across major sectors, including automobiles, chemicals, and commercial banks.
On Wednesday, the benchmark KSE-100 Index posted a record-breaking gain, soaring by 14,137.55 points, or 9.32 percent, to close at 165,811.01.
Meanwhile, oil prices climbed on Thursday as uncertainty surrounding a fragile two-week Middle East ceasefire heightened concerns that energy flows through the vital Strait of Hormuz could remain constrained.
Brent crude futures rose by $1.96, or 2.07 percent, to reach $96.71 per barrel at 0325 GMT, while US West Texas Intermediate (WTI) crude increased by $2.60, or 2.75 percent, to $97.01 per barrel.
Moreover, the State Bank of Pakistan (SBP) has successfully repaid $1.43 billion on a Eurobond maturing April 8, 2026, covering $1.3 billion in principal and the remainder in interest, signaling the country’s commitment to meeting its international debt obligations amid growing external repayment pressures.
