Karachi: After a bullish trend on the last day of the trading week, the Pakistan Stock Exchange witnessed sudden volatility, due to which the 100 index could not maintain the psychological limit of 140,000.
During the first session of the market, the 100 index touched a new high and reached a record level of 140,585 points; however, shortly after, the index saw a sharp decline of 1,797 points.
By the end of the first session, the market had recovered to some extent, and the 100 index closed at 138,788 points with an increase of 122 points. During this time, 300 million shares were traded, worth Rs 18 billion.
It should be remembered that yesterday the 100 index closed at 138,665 points, compared to which a partial improvement was seen today, but the uncertainty and rapidly changing trends throughout the day made investors cautious.
Market experts say that investors are preferring to take profits at the current record level, while economic indicators and the situation in global markets are also affecting the market.
