PSX 100 Index down by 490 points

Karachi: Today’s trading day at the Pakistan Stock Exchange (PSX) passed with a negative trend, with the 100 Index seeing a significant decline. The 100 index closed 490 points lower at 112,253, which was disappointing for investors. On the trading day, the 100 index remained in the band of 1,181 points, reflecting volatility in the market.
A total of 26.39 crore shares were traded in the market today for Rs 13.73 billion. This volume was lower than the previous days, indicating a cautious attitude on the part of investors. The market capitalization also saw a decrease of 46 billion rupees, which came to 13,880 billion rupees.
According to experts, this negative trend in the market has been seen due to global economic instability, the local political situation, and concerns related to the economy. Investors have adopted a cautious attitude in the face of uncertainty, which has led to a decrease in the buying and selling of shares.
The most affected sectors in the market include banking, energy, and textiles. These sectors witnessed significant de-growth, putting pressure on the overall index. However, the shares of some companies also showed stability, which was a positive sign for investors.
Experts say that in order to stabilize the market, clear steps in government policies and strengthening the economy are needed. Investors are advised to focus on long-term investments and not get affected by short-term volatility.
Market trends in the coming days at the Pakistan Stock Exchange will depend on the global economic situation, oil prices, and the performance of the local economy. Investors need to keep an eye on new market updates and analysis.