PSX Faces Negative Trend Today

Karachi: The Pakistan Stock Exchange (PSX) witnessed sharp volatility on Friday, where buying by investors in the early session pushed the index higher, but heavy selling pressure at the end of the day dragged the market into a bearish zone.

During trading, the Benchmark 100 Index at one point rose by 565 points to a high of 123,327 points. However, after that, profit-taking by investors and uncertain economic factors led to rapid selling, as a result of which the index closed at 122,046 points, down 715 points at the end of the day.