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100-Index

PSX closes week lower, 100-Index loses over 6,000 points

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PSX closes week

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a significant bearish trend during the outgoing week, as heavy selling pressure dragged the benchmark index sharply lower.

During the week, the KSE-100 Index plunged by 6,434 points, closing at 173,169 points, down from the previous week’s closing level of 179,603 points. The market lost six key psychological levels over the course of the week.

Out of the five trading sessions, the market remained negative on three days, while only two sessions ended in positive territory.

The benchmark index touched a weekly high of 179,969 points, while the lowest level recorded during the week stood at 169,592 points.

Over the five trading days, overall market capitalization declined by Rs756 billion, settling at Rs19,602 billion by the end of the week.

Trading activity remained robust, with approximately 3.26 billion shares changing hands, generating a total turnover of Rs187 billion.

Market experts attributed the downturn to escalating tensions between the United States and Iran, along with widespread selling pressure in key sectors, which weighed heavily on investor sentiment.

PSX sees volatile trading, index records marginal decline

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PSX sees volatile

KARACHI: Trading activity at the Pakistan Stock Exchange (PSX) remained volatile during the past week, with the benchmark 100-Index posting a marginal decline.

Over the week, the 100-Index shed 45 points, closing at 184,129 points, compared to 184,174 points at the end of the previous week. Due to a public holiday on Youm-e-Kashmir, trading activities were limited to four days during the week.

Market performance remained mixed, as the PSX witnessed three bullish sessions and one bearish session. During the week, the index touched a highest level of 188,312 points, while the lowest level recorded was 182,792 points.

The market capitalization also took a hit, declining by Rs 86 billion during the five-day trading period. As a result, total market capitalization dropped to Rs 20,882 billion by the end of the week.

Market analysts attributed the subdued performance mainly to profit-taking by investors and concerns arising from the US-Iran tensions, which weighed on overall investor sentiment and limited buying activity.

Weekly Report: Pakistan Stock Exchange ends week on positive note

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Weekly Report

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a mixed trend throughout the trading week, ultimately closing with notable gains.

Despite fluctuations, the 100-Index recorded an overall increase of 408 points, rising from 166,677 to close at 167,085 points by the week’s end.

During the week, the index regained one psychological barrier, while trading remained positive on three sessions and negative on two sessions. The benchmark index touched a weekly high of 169,289 points, whereas the lowest level stood at 165,886 points.

Market capitalization expanded by Rs172 billion, reaching Rs19,038 billion over the five-day trading period. According to market data, 44.05% of shares witnessed price appreciation, with 1,053 companies closing higher, while 1,109 scripts ended in decline.

Experts attribute investor confidence to improved financial sentiment and the extension of Saudi fund deposits for one year, keeping market activity vibrant throughout the week.