KARACHI: The Pakistan Stock Exchange (PSX) witnessed a downward trend today, with the benchmark index dropping 557 points shortly after the trading session began in positive territory.
Following this decline, the KSE-100 index fell to 153,000 points, reflecting a cautious investor sentiment.
Market analysts attribute the fall to profit-taking by investors after the recent bullish momentum and global economic uncertainties. Despite the market downturn, trading continued as usual, with no interruptions reported.
Meanwhile, the interbank foreign exchange market showed stability, with the US dollar holding steady at Rs. 279.20. Financial experts indicate that the stable exchange rate may help mitigate inflationary pressures despite the stock market volatility.
