Karachi: The trading week at the Pakistan Stock Exchange (PSX) began with uncertainty and mixed sentiment among investors. The market opened on a positive note on Monday and investors saw buying in the early session, as a result of which the 100 index reached a historic high of 120,590 points during the
However, investors adopted a policy of profit-taking in the second half of the day, due to which the market quickly became bearish. In the closing moments, selling pressure pushed the market downwards, and the 100 index closed at 118,877 points, down 813 points.
According to market experts, the main reason for this decline is political uncertainty, budget-related concerns, and international economic pressures, which affected investor confidence. In addition, investors also appeared cautious in the context of the budget for the upcoming fiscal year and IMF negotiations.
Significant volatility was seen in the financial, banking, and oil and gas sectors during the trading session. Although some shares showed positive performance, overall selling pressure remained high.
Experts say that the market trend in the next few days will depend on the government’s budget policies, negotiations with international financial institutions, and the value of the rupee.
