Karachi: Investors were disappointed in the Pakistan stock market today when the 100 index closed at 116,020, down 755 points. Business activity remained subdued, and investors turned cautious.
During the day, the index witnessed volatility in the range of 1,647 points, with the highest level at 117,424. However, the market was under pressure at the end, and investors were attracted to accumulate profits.
There was also a flurry of buying and selling of shares, where more than 481.8 million shares were traded, with a total value of more than Rs 38.53 billion.
The downturn had a direct impact on the market capitalization, which fell by Rs97 billion to Rs14,193 billion. According to analysts, global economic uncertainty, political conditions, and revenue concerns are the main reasons for this downturn.
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