KARACHI (Web Desk) – The Pakistan Stock Exchange (PSX) saw sharp decline on last day of the trading week amid profit-taking rally by investors.
After a brief period of gains at the market’s opening, the KSE-100 experienced a sharp decline. It lost over 2,000 points, falling to 184,548, losing three key psychological levels during the trading session.
Investors are closely watching the market amid the ongoing volatility.
In previous session, the benchmark KSE-100 Index witnessed a bullish trend, gaining 931.34 points, a positive change of 0.50 percent, to close at 187,832.08 points compared to 186,900.74 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 1,195.264 million shares with a traded value of Rs 44.102 billion, against 848.559 million shares valuing Rs 50.026 billion in the previous session. Market capitalization increased to Rs 21.278 trillion from Rs 21.149 trillion a day earlier.
Out of 483 active companies in the ready market, 246 advanced, 188 declined, while 49 remained unchanged.
