Karachi — The Pakistan Stock Exchange (PSX) concluded its past business week on a negative or bearish trend, recording a notable decline amidst persistent economic pressures that affected investor confidence.
Weekly Performance Overview:
- 100 Index Decline: After a week of trading, the PSX benchmark 100 Index closed at 159,592, marking a significant drop of 2,038 points.
- Band Volatility: The index’s movement during the business week spanned a wide band of 5,682 points, which highlights the high level of volatility and uncertainty in the market.
- Peak and Trough: The 100 Index registered its weekly highest level at 163,935 and its lowest level at 158,252.
Trading Volume:
In terms of volume, trades for 4.43 billion shares were executed during the week, with a total monetary value reaching Rs 180.9 billion. These figures suggest a slight moderation in trading activity compared to previous weeks.
According to market analysts, the key factors contributing to this negative trend include domestic political uncertainty and perceived delays in government actions aimed at achieving comprehensive economic stability.
