Karachi: The Pakistan Stock Exchange saw a mixed trend on the first day of the business week on Monday, which turned negative with the passage of time. During trading, there was pressure in the market due to cautious behavior by investors.
During trading, the 100 index saw a significant decline of 379 points, after which the index closed at 138,217 points. The index saw some improvement in the beginning of the business and reached a high of 139,201 points; however, selling pressure in the closing moments pushed the market into the negative zone.
600 million shares were traded in the market today, with a total value of Rs 23.52 billion recorded. Investors showed activity especially in the banking, cement, and energy sectors, but the overall trend remained bearish.
It is also worth noting that at the end of the last business week, the index had crossed the highest level in the country’s history, 140,000 points, reflecting the growing confidence of investors. However, today’s decline indicates that the market remains uncertain due to short-term profit-taking and external factors.
Analysts say that in the coming days, along with the domestic economic and political situation, international financial indicators will also affect the market trend.
