Karachi: The current trading week on the Pakistan Stock Exchange was a stressful one for investors, with the benchmark KSE-100 index closing at 175,328.82 points with a total decline of 2,367 points.
The market witnessed significant volatility at the beginning of the week, and the index saw a high of 178,138 points. However, later on, selling pressure increased, and the market fell to a low of 174,515 points for the week.
The data shows that on a weekly basis, the KSE-100 declined by about 1.33 percent. The index was at 177,696.51 points at the end of the previous trading week, which decreased to 175,328.82 points by the end of the current week.
Interestingly, the last session of the week was relatively better. On September 4, the KSE-100 index closed with a gain of 399.14 points, or 0.23 percent. According to the Pakistan Stock Exchange, the index’s high on that day was 175,418.29, and its low was 174,515.38 points.
Despite the weekly decline, activity in buying and selling of shares remained strong. A total of about 3.8 billion shares were traded, worth Rs 166 billion. This shows that despite the pressure on prices, business activity in the market did not weaken.
On the other hand, the overall market capitalization also declined. During the week, market capitalization decreased by Rs 256 billion and stood at Rs 19,629 billion.
The overall situation shows that investors adopted a cautious attitude this week. The wide volatility in the index and the significant decline at the weekly end reflect the uncertainty in the market.
However, the improvement of the last trading day indicates that the buying interest in the market has not completely disappeared. On September 4, the All Share Index along with the KSE-100 also rose by 0.22 percent, while the KSE-30 Index recorded a rise of 0.21 percent.
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