KARACHI – The Pakistan Stock Exchange (PSX) on Friday closed at 118,946 on rising investor concerns, with the 100 index falling by 206 points. The index touched 119,336 in early trading but later fell back under selling pressure.
The uncertainty in the business community ahead of the federal budget has affected the market. Investors are cautious about the budget’s tax policies, possible changes in subsidies, and fiscal deficit targets.
Experts say that the market trend in the coming weeks will depend on the budget’s features and the government’s economic policies. Investors are currently cautious and avoiding quick decisions, and business activity is sluggish in many sectors.
