The bearish trend prevailed in the Pakistan Stock Exchange (PSX) on Thursday, as a result of which the 100 Index closed at 159,096 points after a decline of 481 points.
During the trading day, the index also reached a low of 158,252 while also touching a high of 160,590 points.
At the end of trading yesterday, the 100 Index had closed at 159,578 points, however, today the market remained under pressure due to the cautious attitude and profit-taking tendency of investors.
According to stock market experts, recent events and uncertainty over monetary policies are forcing investors to adopt a cautious approach. According to them, the market is likely to remain volatile in the short term, but there are opportunities for long-term investors at current levels.
