Pakistan Stock Exchange continued its bearish trend on the second day of this week due to heightened inflation concerns and plummeted by -245.62 points, to close the KSE100 Index at 41,102.57 levels.
The sentiment indicator depicts bullish and bearish sentiment in the Pakistan Stock Exchange (PSX), where the KSE100 Index currently operates under a Sell sentiment, where 31% are under the short-term bullish sentiment and 69% 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.
Moreover, crude oil prices are expected to fall to $65 per barrel by the end of this year and to $45 by the end of 2023. The outlook is predicated on the lack of any action by OPEC+ producers and the fall in oil investment. Overall 76 million shares traded in KSE All Share Index today, where MLCF,WTL,FCCL and PRL remained among the top Volume leaders.
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