KARACHI: The Pakistan Stock Exchange witnessed negative trend on the second last day of business week.
The Pakistan Stock Exchange (PSX) experienced a significant downturn, with the benchmark KSE-100 Index plummeting by 1,991.48 points, or 1.77%, to close at 110,423.32 points.
The trading session was marked by high volatility, with the index reaching an intraday high of 112,480.60 points and a low of 109,858.88 points.
Analysts attribute this decline to several factors, including year-end portfolio adjustments, the rollover of December contracts, and concerns over border security. Yousuf M. Farooq, Director of Research at Chase Securities, noted that deteriorating relations with Afghanistan, following reported airstrikes on terrorist camps, have negatively impacted investor sentiment.
