PSX: KSE-100 ends flat amid late selling

Business Recorder reported that the KSE-100 finished Thursday's session almost unchanged, losing 47.93 points or 0.03% to end at 177,322.77. Trading was choppy: the index climbed to 178,650.01 early on, then slid through the afternoon and dropped sharply in the final hour to a low of 177,196.28 before a small recovery.

On Tuesday the market had added 404.02 points, or 0.23%, to close at 177,370.71, helped by strong demand for banking and cement shares. Trading was shut on Wednesday for Eid-Milad-un-Nabi, so Thursday's session was the first chance to react to that gain.

Asia-Pacific shares edged higher on Thursday after Nvidia reported quarterly revenue that more than doubled and projected third-quarter sales above analyst expectations. MSCI's Asia-Pacific index excluding Japan rose 0.7%, while Nvidia shares gained 4.7% in after-hours trading. In Seoul, the KOSPI rose 1.5% after the Bank of Korea lifted rates by 25 basis points to 3%, a move the market largely expected, and Wall Street's S&P 500 closed flat overnight.