KARACHI: The Pakistan Stock Exchange (PSX) experienced a volatile trading session on Wednesday as investors traded cautiously while monitoring rising geopolitical tensions in the Middle East.

During intraday trading, the benchmark KSE-100 index fluctuated significantly before posting modest gains. By midday, the index had risen by about 381 points to reach 157,514.07, reflecting a 0.24 percent increase from the previous close of 157,132.09.

Market activity remained uneven throughout the session, with the index touching an intraday high of 157,962.47 points and a low of 154,790.73 points.

Analysts attributed the volatility to cautious investor sentiment as markets reacted to developments surrounding tensions involving the United States, Israel and Iran.

Investors monitor regional tensions

Market participants remained attentive to geopolitical developments that could affect global financial markets and commodity prices.

Energy markets have also responded to the evolving situation. International oil prices rose during the session as concerns about potential supply disruptions in the Middle East increased.

Brent crude gained $1.17, or 1.4 percent, reaching $82.57 per barrel by 0408 GMT after closing at its highest level since January 2025 in the previous session.

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US West Texas Intermediate (WTI) crude rose 72 cents, or about 1 percent, to $75.28 per barrel after settling at its highest level since June.

Oil prices have increased by roughly 5 percent over the past two sessions, reflecting market concerns that escalating tensions could disrupt shipping routes and regional energy supplies.

Despite the cautious trading environment, the modest gain in the KSE-100 index indicates selective buying activity as investors continue to assess global and regional developments.