The benchmark briefly climbed to an intraday high of 181,017.29 before selling pressure intensified, pulling it down to a low of 179,778.99. According to KASB KTrade’s Ahmed Sheraz, the index closed at 179,846 points, down 1,463 points (-0.81%) day-on-day, as renewed geopolitical concerns and higher oil prices weighed on investor sentiment. Market sentiment also remained under pressure as oil prices climbed sharply amid renewed uncertainty surrounding the US-Iran situation and the reopening of the Strait of Hormuz. Brent moved close to $90 per barrel, amid fading hopes of a near-term agreement, pushing oil prices higher. Going forward, volatility is likely to remain elevated, with market direction closely tied to developments on the geopolitical front and movements in oil prices, Sheraz added.