Pakistan Stock Exchange or PSX slightly observed a cautious behavior from investors as KSE 100 Index increased by just 6 points during the intraday trading.
KSE 100 Index reached at 37,547 points after observing the high of 273 and the low of 67 points. Investors remained cautious during the trading as the benchmark gained just 6 points at the end of day.
The stock market remained range bound in the entire session. However, shares volume also stood at their lowest in the previous 6 months. 64 million shares were traded as compare to 68 million shares in the last trading session.
According to equity analysts, the stock market is still in pressure due to the persistent selling pressure and the Investors’ uncertainty over market. However, the stock market can suffer more in the future.
The foreboding shadows of the unceratimty begun ascending after instable macros offered stuns to financial specialists, anyway inspiration was viewed as the Pakistan-US reciprocal ties may before long observe some enhancement as the two nations have purportedly begun examining a proposition to organize a gathering between President Donald Trump and Prime Minister Imran Khan.
OGDC or Oil and Gas Development Company Limited shut green after they are certain to meet its penetrating target set for the year 2018-19 to make the nation independent in hydrocarbon reserves.