Karachi: Today was mixed for the Pakistan Stock Exchange (PSX) as the KSE-100 fell by 202 points to finish at 116,052.
The market recorded a high level of activity by having a turnover of 790 million shares of shares enlisted on the total stock market swelled to Rs. 39 billion in total turnover.
The day also saw the market capitalization drop down to Rs. 14,520 billion, or 1,452,000 crore, from Rs. 14,562 billion, or 1,456,200 crore, of the previous day and wiped out Rs. 42 billion from the market.
Perturbed by this development, market analysts said the decrease was due to diversified investor sentiment coupled with economic instability and profit-taking in special indices. Even though it fell, it was still at healthy levels, meaning that investors may be interested in specific low-priced stocks.
Businesspeople are waiting for major changes in the economic situation to determine the market trends in the following days.
