The Pakistan Stock Exchange (PSX) opened the week with a mixed trading session that saw both bullish and bearish spells throughout the day.
Despite the uncertainty, the KSE-100 Index closed in the green, adding 40 points to settle at 119,690 points.
During the session, the market witnessed sharp movements, with an intra-day high of 600 points gain and a 400-point dip, reflecting cautious investor behaviour amid mixed signals.
Although the psychological barrier of 120,000 points was briefly crossed during trading hours, the index failed to hold above the milestone by the day’s close.
According to market analysts, the upward momentum was hindered by continued foreign selling, as overseas investors offloaded shares in key sectors. This dampened sentiment and prevented the market from sustaining its earlier gains.
On the brighter side, brokers noted that the IMF’s reported agreement on circular debt payments is being viewed positively by the market and may improve investor confidence in the coming sessions.
Today’s session saw active participation, with over 220 million shares changing hands, valued at approximately PKR 22.25 billion. Analysts expect the market to remain sensitive to news flows, particularly those related to the IMF program, interest rates, and geopolitical developments.
