Stocks swing between gains and losses amid uncertainty

It touched an intraday high of 165,209.05 and a low of 164,060.33, reflecting choppy trading.The market opened on a cautious note, with the index rising to 165,032.13, gaining 255.69 points, or 0.16%, by 9:33am.

However, fluctuations soon pushed the benchmark in both directions, erasing much of its early gains.Sentiment remained subdued following the imposition of governor’s rule and an emergency in Khyber Pakhtunkhwa (K-P), adding to investors’ concerns.Selling pressure was visible across automobile assemblers, cement, commercial banks, oil and gas exploration companies, power generation, refineries and oil marketing companies.Internationally, oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz….

Both contracts had climbed by more than $1 in early trade.Overall situation indicates thst the investors will continue to track domestic political developments and movements in international oil prices for direction in the latter half of the session.

Stocks swing between gains and losses amid uncertainty Our Correspondent | Updated 21 seconds ago | Selling across key sectors, political concerns and rising oil prices keep investors cautious.