Severe pressure in the Pakistan stock market | 100 index closed at 149,235 points

Karachi: The Pakistan Stock Exchange (PSX) witnessed unusual volatility on the fourth day of the trading week. The index saw a rally at the beginning of the day and reached a level of 151,249 points, however, the market fell sharply after noon.

Investors adopted a cautious attitude during the trading session, as a result of which the market continued to gradually decline and the 100 index fell to 148,272 points at one point. Finally, at the end of the day, the index recorded a decrease of 1,355 points and closed at 149,235 points.

More than 1.6 billion shares were bought and sold in the stock market today, with a total value of Rs 55 billion, which shows the activity of investors.

It should be noted that the 100 index had closed at 150,591 points yesterday.  According to analysts, the recent decline is a result of economic uncertainty and a decline in investor confidence, which may continue to pressure the market in the near future.