Volatility in PSX, investors cautious — 100 index under pressure

Investors adopted a cautious attitude during Thursday’s session at the Pakistan Stock Exchange, which resulted in volatility in the market. The mixed trend of buying and selling throughout the day kept the 100 index under pressure.

The index showed improvement in some intervals, however, as business progressed, selling pressure changed the situation and the 100 index fell 75 points to 166070. During trading, the index recorded a low of 165999 and a high of 166837.

The market had closed at 166145 points yesterday, which was better than today’s slight decline.

A market expert termed the current situation as a “technical adjustment” and said that the uncertainty of external financial conditions and domestic policies is creating an immediate reaction in the market. According to him, investors are currently making short-term decisions, which has increased volatility in the index.

Experts say that the coming days will be important for the market and if economic indicators remain stable, there are possibilities of improvement in the index.