PSX Shows Downward Trend as Investors Worry

Karachi: The Pakistan Stock Exchange (PSX) closed on a bearish note as market sentiment remained under pressure due to underwhelming corporate earnings from blue-chip companies. The reported results fell short of investor expectations, dampening confidence throughout the trading session.

The benchmark KSE-100 Index varied within a range of 2,114 points during the day, hitting a low of 113,482 points before settling slightly.

A total of 490 million shares were sold, with a deal value amounting to roughly Rs. 26 billion. The market value fell by Rs. 188 billion, ending at Rs. 13,928 billion. Investors kept careful as market action showed a lack of confidence, driving the day’s result into negative territory.