KARACHI: Trading activity at the Pakistan Stock Exchange (PSX) remained volatile during the past week, with the benchmark 100-Index posting a marginal decline.
Over the week, the 100-Index shed 45 points, closing at 184,129 points, compared to 184,174 points at the end of the previous week. Due to a public holiday on Youm-e-Kashmir, trading activities were limited to four days during the week.
Market performance remained mixed, as the PSX witnessed three bullish sessions and one bearish session. During the week, the index touched a highest level of 188,312 points, while the lowest level recorded was 182,792 points.
The market capitalization also took a hit, declining by Rs 86 billion during the five-day trading period. As a result, total market capitalization dropped to Rs 20,882 billion by the end of the week.
Market analysts attributed the subdued performance mainly to profit-taking by investors and concerns arising from the US-Iran tensions, which weighed on overall investor sentiment and limited buying activity.
