Karachi: The Pakistan Stock Exchange (PSX) faced a bearish trend once again on Friday, where the cautious strategy of investors affected the market liquidity.
On Friday, the PSX-100 index started the day on a positive note and reached a high of 165,025 points, but soon pressure set in and the index fell to a low of 163,215 points. At the end, the index closed at 163,490 points, a significant decrease compared to the previous day’s close.
Analysts say that profit booking is ongoing in the market, especially in stocks that had performed well recently, in addition to the fear of rollover of futures contracts, which is also making investors cautious.
Experts have warned that the bearish trend may continue next week if positive signals do not come soon.
It is time for investors to reassess their portfolios, assess the market direction, and take protective measures if possible.
