Pakistan Stock Exchange Starts Positive, 100 Index Gains 124 Points
The Pakistan Stock Exchange (PSX) had a strong start today, with the 100 Index rising by 124 points, reaching 78,776 points during early trade. However, the market has shown continued fluctuations, with the index moving from a 193-point gain to a 74-point drop at one point, reflecting investor caution.
Investors are closely monitoring key factors such as a possible interest rate cut and the IMF package, both of which are expected to influence market sentiment.
Previous Day’s Market Performance
Yesterday was a negative trading day, with the 100 Index closing down by 634 points, ending at 78,651 points. The market traded within a range of 895 points during the day, hitting a high of 69,507 points. A total of 532.7 million shares were traded, with a value exceeding 14.73 billion rupees.
The fluctuations reflect ongoing uncertainty in the market as investors await key economic developments.