Karachi: The Pakistan Stock Exchange (PSX) witnessed a mixed trend during trading on Wednesday, which later turned negative. By the end of the day, the PSX 100 Index fell 793 points to close at 166,553 points.
The market showed some improvement in the opening session of trading and touched a high of 168,163 points, but soon investors started taking profits, which increased the pressure on the market.
The 100 Index had closed at 167,346 points yesterday, so today’s decline has affected investor confidence to some extent.
Market experts say investors are currently cautious due to uncertainty over economic policies, the IMF program, and the political situation.
However, analysts also say that the recent downturn may be temporary and long-term investors may see better buying opportunities in the coming sessions.
