Pakistan stock exchange sees upward mobility after a volatile week

The Pakistan Stock Exchange (PSX) has shown a positive trend in the opening hours of this week’s trading, gaining over 3,000 points and reaching 112,634 points, up from the previous close of 109,513 points. This marks a rebound after a week of volatility, where the market experienced significant pressure.

During the week ending December 20, 2024, the PSX faced increased selling, mainly from mutual funds and institutions engaging in year-end profit-taking. This led to a downturn in the market, with trading volumes and overall market activity seeing a decline.

The average daily volume on the ready counter decreased by 15.5 percent, dropping to 1,151.57 million shares, compared to the previous week’s average of 1,362.86 million shares. Similarly, the average daily traded value on the ready counter fell by 5.7 percent, amounting to Rs 57.16 billion.

The BRIndex100 also suffered a decline, dropping by 375.87 points during the last week to close at 11,726.51 points, with an average daily turnover of 994.642 million shares.

Foreign investors further contributed to the downward pressure by withdrawing $11.583 million from the local equity market, which saw the total market capitalisation decline by Rs 629 billion to Rs 13.958 trillion.