The Pakistan Stock Exchange (PSX) witnessed fluctuations as it failed to sustain the historic 118,000-point mark achieved earlier in the day.
The trading session started with a positive trend, with the KSE-100 Index soaring by 950 points to reach a record high of 118,540 points. However, the market soon reversed its gains and slipped into the negative zone.
The initial surge reflected strong investor confidence, but the subsequent decline highlighted the market's vulnerability to volatility.
The index opened strong, hitting a high of 118,735.09 but later slipped to a low of 117,169.91, ending at 117,515.54, down 71.44 points (-0.06%) from the previous close of 117,586.98.
Key metrics:
- Volume Traded: 113.2 million shares
- 1-Year Change: 81.80%
- Year-to-Date (YTD) Change: 2.07%
- Day Range: 117,169.91 – 118,735.09
- 52-Week Range: 59,191.86 – 118,735.10
The market's impressive one-year performance, showing an 81.80% increase, contrasts with today's minor dip. Analysts suggest the volatility reflects short-term profit-taking by investors after a recent record-breaking rally.
