Karachi: Investors adopted a cautious strategy at the Pakistan Stock Exchange today. After the last two-day rally, the index saw a decline on Wednesday due to profit-taking activities in the market.
Yesterday, the market recorded a new high, when the 100 index crossed the geometric target of 157,000 points. However, today, after a decline of 121 points, the index closed at 156,441 points.
According to economists, the sale of shares by investors created temporary pressure, but the positive trend in the market remains on a long-term basis and the improvement in the economy has strengthened investor confidence.
