Pakistan Stock Exchange (PSX) on the first trading day of this week, depicted recovery after Friday’s bloodbath and painted bullish momentum by increasing +826.78 points to close the KSE100 Index at 41,878.57 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 24% are under the short-term bullish sentiment and 76% of stocks are under a short-term bearish sentiment.
Meanwhile, 14% of stocks are operating under a long-term bullish sentiment and 86% of stocks are operating under a long-term bearish sentiment.
Investors opted to take selective buying positions in stocks which created a huge valuation gap after the Friday’s sell off. Overall 237 million shares traded in KSE All Share Index today, where KEL,TREET,PRL and TPLP remained among the top Volume leaders.
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