Karachi: The Pakistan Stock Market witnessed another volatile session today, where limited buying and profit-taking by investors kept the overall situation under pressure. As a result, the Hundred Index lost 248 points to end at 161,687 points.
Both bullish and bearish trends prevailed in the index throughout the day. The market showed a strong recovery in the beginning of trading and the index reached 163,602 points, however, selling pressure later brought it down to a low of 161,481 points.
According to market experts, uncertainty in economic indicators, expectations about import costs and government policies are making investors cautious, which is having a direct impact on the market performance.
At the end of the week, the Hundred Index was at 161,935 points; however, today’s decline has definitely shown some decrease in investor confidence in the market.
