Karachi: The Pakistan Stock Exchange (PSX) started the trading week on a bearish note, with investors appearing cautious. The PSX 100 Index fell 1,237 points on Monday to close at 167,752 points.
The index saw significant volatility during the trading session — reaching a high of 169,326 points at one point while falling as low as 165,997 points. According to experts, the decline is a natural correction after the bullish momentum in the market over the past few weeks.
Analysts say investors should keep an eye on the banking, energy and cement sectors, which can play a significant role in the market recovery in the next round.
At the end of last week, the PSX 100 index closed at 168,990 points, in this sense, today’s decline is a minor corrective phase, not an indication of any panic.
