Karachi: The Pakistan Stock Exchange witnessed a bearish trend during the trading week today, where the KSE-100 index closed at 169,173 points with a significant decline of 2,405 points. Investors were cautious at the end of the market and selling pressure persisted in most sectors.
The trading session started at 171,561 points, and this level was also the highest level of the day. However, the market continued to decline during the day and reached a low of 168,416 points. This shows that sellers were more active than buyers in the market.
A total decrease of 1.40 percent was recorded in today’s session, which is a significant decline in recent times. According to experts, the main reason for this decline is the pressure in the banking, fertilizer and oil and gas sectors.In particular, large stocks like FFC, UBL, MEBL, PPL and BAFL played a major role in pushing the market downwards.
Since these companies have a high weight in the index, even a slight decline in them has a big impact on the overall index.The trading volume was 310.84 million shares, which shows relatively good activity.
This shows that investors are present in the market, but they are trading cautiously.If the performance is seen since the beginning of the financial year, the KSE-100 index has increased by 34.66%, which is a positive sign.
However, the index is still down 2.80% in terms of calendar year, which indicates recent pressure.
Experts say that this downturn in the market may be temporary and the direction of the market will be determined in the coming days according to economic policies, interest rates and global conditions. If positive signs emerge, the market could rebound.
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