Historic Volatility Hits Pakistan Stock Exchange: Mixed Trends Continue in Trading
Karachi:
The Pakistan Stock Exchange (PSX) continued to experience significant volatility today, following a dramatic session the previous day. Friday’s trading began with a sharp surge but was later followed by downward pressure, reflecting a mixed investor sentiment.
At market opening, the benchmark KSE-100 Index surged by 849 points, reaching 104,375 points, signaling strong buying interest. The bullish momentum persisted, and the index climbed further to an intraday high of 105,642 points, showing a gain of 2,115 points at one stage.
However, the market witnessed a reversal later in the session, losing 536 points during a brief bearish phase. The index dipped to 102,990 points before rebounding slightly to close near 103,669 points, gaining 142 points in the final stretch.
This volatile performance comes a day after the market suffered a historic plunge, where the KSE-100 Index fell by 6,482 points, closing at 103,526 points — one of the sharpest single-day declines in recent memory.
Key Takeaways for Investors:
- Uncertainty and profit-taking are driving rapid swings in the market.
- Sharp gains are being quickly followed by corrections, indicating a cautious investor mood.
- Investors are advised to stay updated with market fundamentals and geopolitical developments impacting investor confidence.
