Volatility in the Pakistan Stock Market, 140 thousand level could not be maintained

Karachi: Investors saw mixed trends on the last day of the trading week at the Pakistan Stock Exchange. The market was bullish in the early hours, and the 100 index reached a new historical high, but by the end of the day, the index came under pressure due to the trend of profit-taking.

At the start of trading, the 100 index touched a new record high of 140,585 points with a gain of 1,920 points; however, the market soon came under pressure, and the index fell 1,797 points.

At the end of the first session, the 100 index closed at 138,788 points with some improvement, increasing by 122 points. During this time, 300 million shares were traded, worth Rs 18 billion.

It should be remembered that the 100 index closed at 138,665 points on the previous trading day. According to experts, investors are preferring to take profits at the current high level, due to which the market is likely to continue to fluctuate.