PSX sheds 211 points
Business
Stock market sees downturn
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) on Monday experienced a negative business, leaving investors grappling with significant losses.
The first day of the business week witnessed a downturn, culminating in the 100-index, closing at 66,012 points, reflecting a decrease of 211 points.
The reversal comes on the heels of a record –breaking bullish streak that persisted until the previous week, propelling the PXS to new heights.
Surpassing 66,000 points for the first time in history, the market had been riding a wave of optimism.
However, today’s downturn brought a sense of caution to investors, prompting a reevaluation of market dynamics.
Read also: PSX crosses 66,000 mark on the heels of economic recovery
A total of 613,393,284 shares amounting to Rs25.20 billion were transacted during the trading day, underlining the substantial market activity despite the decline.
