KARACHI: The Pakistan Stock Exchange (PSX) witnessed a sharply negative trend during the past week, with heavy selling pressure dragging key indices lower.
During the five trading sessions, the benchmark KSE-100 Index declined by 4,526 points. The index fell from 184,129 points at the start of the week to close at 179,603 points.
The market lost five psychological levels over the course of the week, reflecting weak investor sentiment. Out of five trading days, the market remained bearish for four sessions, while only one day recorded gains.
The index touched a weekly high of 185,650 points, while the lowest level recorded during the week was 178,237 points.
Market capitalization shrank by Rs523 billion over the five-day trading period, bringing the total market capitalization down to Rs20, 359 billion by the end of the week.
Analysts attributed the downturn to sustained selling pressure, lower-than-expected corporate financial results, and investor concerns related to the Reko Diq project, which collectively weighed heavily on market performance.
