KARACHI – The Pakistan Stock Exchange (PSX) experienced a volatile start to the new business week on Monday as investor sentiment remained cautious. The benchmark KSE-100 index saw sharp fluctuations, reflecting uncertainty in the market.
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During early trading, the KSE-100 climbed to 162,377.75 points but soon plunged to 161,440.75 points. By 10:00 am, the index settled at 161,676.20 points, down 426.72 points or 0.26 percent from the previous close of 162,102.92 points.
The market’s recent trend has been bearish. In previous sessions, the KSE-100 lost 834.01 points, a decline of 0.51 percent, closing at 162,102.92 points compared to 162,936.94 points the day before. Analysts attribute the downturn to investor caution amid macroeconomic uncertainties and profit-taking activities.
Trading volumes remained active, with a total of 768.05 million shares exchanged in the ready market, valued at Rs28.64 billion. This compares to 725.86 million shares worth Rs35.31 billion in the prior session. Market capitalization decreased to Rs18.512 trillion from Rs18.585 trillion.
Out of 476 companies actively trading in the ready market, 145 closed higher, 289 declined, and 42 remained unchanged. The session highlighted sectors showing resilience while others faced selling pressure, indicating selective investor interest.
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Market experts suggest that volatility may persist in the coming days as investors closely watch domestic economic indicators and global market trends. They recommend cautious trading and monitoring key support levels in the KSE-100 index.