The Pakistan Stock Exchange (PSX) closed lower on Friday, with the KSE-100 index down by a wide margin of 2,382 points as investors remained under buying pressure.
The trading day was highly volatile, and the KSE-100 index closed at 175,802 points at the end of the day. The index ranged from 2,890 points to 2,916 points on the day, indicating that investors were not particularly eager and there was some confusion in the market.
Official data showed that over 620 million shares were traded during the trading session with a total transaction value of about Rs29.88 billion. However, shares in a few key sectors remained under pressure, as seen in the overall index, due to selling pressure.
Market capitalisation also recorded a significant decline, and total investor wealth fell by Rs249 billion to Rs19,709 billion. Analysts said that the recent trading activity was due to profit-taking and cautious trading by investors.
Experts said that investors will keep a close eye on any indicators of the country’s economy, corporate performance and any changes in policy that could significantly impact the future momentum of the market in the coming sessions.
