Pakistan Stock Exchange resumed its bearish trend, just a day ahead of budgetary proposals and depicted range bound activities and finally plummeted -15.25 points to close the KSE100 Index at 41,553.16 levels.
The sentiment indicator depicts bullish and bearish sentiment in the Pakistan Stock Exchange (PSX), where the KSE100 Index currently operates under a Strong Sell sentiment, where 21% are under the short-term bullish sentiment and 79% of stocks are under a short-term bearish sentiment. Meanwhile, 10% of stocks are operating under a long-term bullish sentiment and 90% of stocks are operating under a long-term bearish sentiment.
Investors opted to stay sidelined and avoided any fresh positions ahead of the budget. Overall 150 million shares traded in KSE All Share Index today, where UNITY,DGKC,OBYR1 and TPLP remained among the top Volume leaders. EK Global Capital strives to be the best value provider to our clients and potentials, and in our pursuit for excellence, we try our best to keep our clients ahead in the financial sphere.