The Pakistan Stock Exchange (PSX) continued its bearish trend on the last day of the week, which has created a wave of fear among investors and analysts.
The PSX-100 index recorded a decline of about 1,100 points during trading, and the index closed near 163,490 points.
Analysts said that the index also touched a high of 165,025 points during the day but later came down to a low of 163,215 points due to pressure.
Yesterday, the index closed at 164,590 points, which is a bearish sign that the market is still dominated by selling.
Experts say that profit booking, fresh future rollovers and disappointment over the financial performance of some companies have played a major role in this decline. Investors are acting cautiously and are withdrawing from some large stocks, which has affected the market parameters.
In this situation, it will be interesting to see what strategy will be adopted in the coming trading days and whether the bearish trend will continue or will soon be balanced.
