Volatility at bourse, KSE-100 settles on a flat note

A volatile trading session was observed at the Pakistan Stock Exchange (PSX) on Wednesday, with the benchmark KSE-100 Index swinging both ways before settling on a flattish note.

After opening near 181,000, the index slid steadily through midday to hit an intraday low of 179,564.16 as selling pressure built.

However, buying emerged in the final 90 minutes, triggering a sharp recovery that pushed the index towards an intraday high of 181,357.70.

At close, the benchmark index settled at 180,511.02, up by 118.05 points or 0.07%.

In a key development, Pakistan’s current account posted a massive surplus of $459 million in May 2026, data released by the State Bank of Pakistan (SBP) showed on Wednesday.

On Tuesday, PSX extended its record-setting rally as investors maintained aggressive buying following the decision to keep the policy rate unchanged, while easing regional tensions and expectations of lower global oil prices further strengthened market sentiment. The benchmark KSE-100 Index surged by 3,353.15 points, or 1.89%, to close at 180,392.98 points.

Internationally, tumbling crude prices on news that Iranian fuel may soon hit global markets promised inflation relief and pushed bond yields lower on Wednesday, while stocks and currencies were quieter ahead of ​Kevin Warsh’s debut meeting as Federal Reserve chair.

Brent crude futures dived below $80 to the lowest ‌since the opening salvos of the US-Iran conflict in March.

A senior US official said the US will waive sanctions on Iranian oil, under the deal to end the war, raising the prospect of millions of additional barrels of supply.

US bond ​yields dipped and rates in Asia followed suit, with 10-year Japanese yields down 1.5 basis points ​to 2.63% and 10-year Australian rates down almost 5 bps to 4.787%.

Few details of the US-Iran agreement, due to be signed on Friday, have been publicly confirmed, and a three-month stranglehold on the Strait of Hormuz has drained oil inventories, with U.S. reserves at the lowest since 1983.

Overnight on Wall Street, ​investors trimmed crowded bets on tech and semiconductor stocks, pulling the Nasdaq down 1.15%, while rising financial ​and industrial stocks helped the Dow notch a record high.

Futures were slightly positive in Asia, while chipmaker-heavy markets in Taiwan ‌and ⁠South Korea inched lower and MSCI’s broadest index of Asia-Pacific shares outside Japan fell about 0.3%.

Japan’s Nikkei rose 0.4%. Stock markets in Hong Kong and Shanghai were broadly steady.

This is an intraday update