KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bearish week as the benchmark KSE-100 Index declined by 3.23%, losing 5,519 points during the weekly trading session.
The index fell from 171,115 points to 165,596 points by the end of the week, while during intraday trading it touched a high of 171,571 points and a low of 165,291 points.
Market volatility resulted in the loss of six key psychological levels over the week, reflecting sustained pressure on investor sentiment.
Market capitalization also declined significantly, dropping by Rs 513 billion to close at Rs 18,389 billion.
Average daily trading volume stood at 827 million shares, while the average daily traded value was recorded at Rs 25 billion. Overall investor activity remained subdued throughout the week.
Analysts attributed the bearish trend to geopolitical uncertainty, including the stalled progress on a US-Iran peace understanding, which weighed on market confidence and triggered cautious trading behavior.
Earlier, the benchmark Pakistan Stock Exchange (PSX) witnessed a strong performance during the outgoing trading week, with the KSE-100 Index rising by 4.98 percent and adding 8,121 points.
The index closed at 171,115 points, up from 162,994 points recorded at the end of the previous week.
During the week, the market successfully regained nine psychological levels, reflecting renewed investor confidence and sustained buying interest.
Out of the five trading sessions, the market remained bullish for four days, while one session ended in the red.
The KSE-100 Index touched an intraday high of 173,274 points during the week, while the lowest level recorded was 162,532 points.
More read, Pakistan stock market closes lower as KSE-100 falls 1,465 points
Market capitalization increased by Rs880 billion over the five trading days, taking the total market capitalization to Rs18.903 trillion.
Trading activity also remained robust, with investors exchanging 4.36 billion shares worth Rs210 billion during the week.
