The Pakistan Stock Exchange (PSX) saw another tough trading session on Monday, as the benchmark KSE-100 Index dropped by 342 points, marking a 0.31% decline. The index closed at 111,743 points, falling from the previous close of 112,085 points.
According to a report by brokerage firm Topline Securities, the market experienced volatility throughout the day, fluctuating between gains and losses. At one point, the index reached an intraday high with a gain of 439 points, but later dipped to a low of 571 points. By the end of the session, investors witnessed a downturn due to a lack of strong positive triggers.
Investor sentiment weakened in the latter half of the day as no major developments emerged to support the market. This uncertainty led to a wave of selling pressure, pushing the market into negative territory by closing time.
Trading activity remained active, with a total of 511.19 million shares changing hands, an increase from 457.04 million shares traded in the previous session. However, the total share value declined significantly, standing at Rs. 19.63 billion compared to Rs. 30.96 billion recorded on the last trading day.
Out of 434 companies that participated in the stock market on Monday, 130 registered gains, while 234 faced losses. The share prices of 70 companies remained unchanged, reflecting mixed investor sentiment.
With no major positive news driving the market, investors remain cautious. Market analysts suggest that a clear direction or fresh triggers are needed to regain investor confidence. Until then, the stock market may continue to face uncertainty and fluctuation in the coming sessions.
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