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volatile trading

PSX Report: KSE-100 Index drops 1,309 points amid volatile trading

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PSX Report

Karachi: The Pakistan Stock Exchange witnessed a bearish trend during the past week, with the benchmark KSE-100 Index declining by 1,309 points.

The index fell from 151,707 points at the start of the week to close at 150,398 points, reflecting overall negative sentiment in the market. During the week, the market lost one key psychological level.

Trading activity remained mixed, with the market recording losses on three days and gains on two days.

Despite the downward trend, the KSE-100 Index touched a weekly high of 157,347 points, while the lowest level recorded was 144,656 points.

Market capitalization decreased by Rs160 billion over the five trading sessions, bringing the total market cap down to Rs16,725 billion.

Meanwhile, a total of 2.45 billion shares were traded during the week, with a cumulative value of Rs1,140 billion, indicating continued investor participation despite volatility.

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.