On the third day of the trading week, the Pakistan Stock Exchange (PSX) witnessed a negative trend, due to which the 100 index could not maintain the 165,000 point level once again.
During the trading activities, the 100 index recorded a decline of 519 points and the index reached 164,973 points. However, at one point during the day, the index also reached a high of 166,522 points.
A day earlier, at the end of Tuesday, the 100 index had closed at 165,493 points, which was showing the confidence and activity of investors in the market.
According to experts, despite the initial bullish trend, the bearish trend has emerged due to the cautious attitude of investors and profit-taking strategy. He says that market volatility is a normal part of the current times, however, the decisions of large institutional investors determine the direction of the index.
