Karachi: At the start of the business week, investor confidence in the Pakistan Stock Exchange initially looked better and the 100 index reached a high of 158,850 points. However, the positive trend could not be maintained due to increasing investment pressure after noon.
At the end of the business, the 100 index recorded a decline of 482 points, after which the index closed at 157,554 points. Thus, the market once again failed to maintain the psychological level of 158,000.
According to experts, investors are being cautious due to the uncertainty in the global economic conditions and local fiscal policies, which is why the volatility in the stock market is increasing.
On the last day of last week, the 100 index closed at 158,037 points and investors were expecting new levels to be established, however, the decline once again pulled the market down.
