Karachi: Investors appeared cautious on the fourth day of the trading week at Pakistan Stock Exchange (PSX) and the overall mixed trend persisted in the market. Despite a positive start in the early hours, selling pressure later pushed the index downward.
The 100 index fell 75 points to 166070 during trading. During intraday trading, the index touched a low of 165999 and a high of 166837, reflecting the uncertainty of investors in the market.
The index closed at 166145 yesterday, compared to which experts are calling today’s slight decline a normal correction.
According to a market analyst, global crude oil prices, local financial decisions and political news have affected the mood of investors. According to him, the market is currently in a phase where even small news is creating an immediate reaction in prices.
Analysts say that if the uncertainty decreases, the market may regain confidence in the coming sessions.
