KARACHI: Due to the uncertain political situation, the Pakistan Stock Exchange was hit by volatility and bearishness last week. Clashes between opposition parties over constitutional amendments continue to affect market activity.
The new high level of 86,000 was also crossed by the index in the Shanghai Cooperation Organization meeting, and the SCO measures raised investors’ hopes and expectations of regional stability. The high level could not be sustained.
Investors remained cautious during weekly trading on fears of an Israeli retaliatory attack on Iran. Bullish in 2 sessions and bearish in 3 sessions of the week. Expectations of a significant cut in interest rates in proportion to the fall in inflation led to a two-session rally.
In the weekly business, the value of shares increased by 20 billion 45 billion 95 lakh 62 thousand 243 rupees due to the increase of all share index, which increased the total capital of the market to 111 trillion 77 billion 31 crore 37 lakh 72 thousand 54 rupees.
During the weekly trade, the KSE 100 index closed down 233.31 points at 85250.09 points while the KSE 30 index closed down 356.64 points at 26803.04.
The KSE All Share Index rose 390.03 points to close at 54927.25 points and the KMI 30 Index declined 304.87 points to close at 129268.98 points.
