Karachi: Investors faced a severe downturn on the fourth day of the trading week at the Pakistan Stock Exchange (PSX) due to uncertainty. The market initially saw a bullish trend and the 100 index reached a level of 151,249 points, however, this bullishness could not be sustained for long and the market fell below two major psychological levels at the end of the trading session.
The market remained under continuous pressure during the trading session and the benchmark 100 index also reached a low of 148,272 points. At the end of the day, the index recorded a decline of 1,355 points and closed at 149,235 points.
Large-scale buying and selling of shares was seen by investors. More than one billion 60 crore shares were traded today, with a total value of more than 55 billion rupees.
It should be remembered that yesterday the 100 index closed at 150,591 points, after which investors are linking today’s decline to cautious behavior and economic uncertainty.
