Karachi: The Pakistan Stock Exchange (PSX) saw a mixed trend during the trading week, but at the end the market closed in the overall positive zone. Investors’ confidence was restored due to a week’s speed and business activities saw significant improvement.
The 100 index closed at 138,597 points with a brilliant increase of 4297 points from the beginning of the week. During the trading week, the index remained in a band of 5,647 points and on one occasion crossed the highest level of 140,585 points.
Within a week, the market had a deal of 3.81 billion shares, with a total value of Rs 179 billion. Experts say the volume is a manifestation of investors’ better confidence and the stability of monetary policies.
Market capitalization also increased substantially, which increased to Rs 228 billion a week to Rs 16,517 billion, which indicates a strong foundation of the stock market.
The market trend will also depend on economic indicators, global financial news and local political environment next week, analysts say.
