Karachi: The new trading week at the Pakistan Stock Exchange began under the influence of uncertainty, where investors adopted a cautious strategy and the market remained range-bound throughout the day. The PSX-100 index closed the day with a slight decline near 161 thousand.
The index experienced limited volatility throughout the day. Initially, buying was seen which temporarily pushed the index up, but after noon, profit-taking led to a decline. Overall trading volume remained low and investor sentiment remained cautious.
Market experts said investors were avoiding large positions as the futures rollover week approached. Banking, technology and petroleum sectors reacted mixed, limiting overall momentum.
Analysts said PSX is currently waiting for a major trigger that could give the market a new direction in the coming days, such as an announcement on policy rates, foreign investment data or corporate results. According to them, the market is currently in a period of consolidation.
