KARACHI – The Pakistan Stock Exchange (PSX) ended the trading week on a bearish note as investors remained cautious. The market opened on a positive note on Friday, with the 100 index reaching a high of 119,336 points in early trade, but by the end of the day, the index closed at 118,946 after a decline of 206 points.
The main reason for the market volatility is being attributed to uncertainty over economic policies and concerns about the upcoming budget. Investors preferred profit-taking, the impact of which was clearly felt on business.
According to experts, investors are being cautious in taking positions ahead of the budget, while interest rates and currency conditions are also affecting the stock market. Stock brokers have advised investors to avoid short-term decisions and prefer investments based on fundamentals.
