On Monday, the Pakistan Stock Exchange witnessed significant fluctuations as the KSE-100 index initially rose before later turning negative. Starting with a gain of 383 points, pushing it to a peak of 79,194 points, the index signaled optimism in business startups and investor confidence.
However, shortly afterward, it declined by 160 points to settle at 78,650 points, erasing earlier gains and falling below the crucial 79,000-point mark.
Read more: PSX Reaches A Record High Exceeding 80,000 Points Amid Strong Bullish Activity
The market’s volatility underscores the uncertainties facing investors, attributed to profit-taking, macroeconomic factors, and global market conditions. Maintaining the 79,000-point level proved challenging amid economic pressures, highlighting the struggle to sustain market momentum.
In the currency markets, the dollar continued to strengthen against the rupee on the first day of the trading week, climbing by nine paisas to Rs278.60 in the interbank market, as reported by currency dealers.
