Monday August 29, 2022

KSE-100 Shows Mix Trend between Bearish and Bullish Trend

KARACHI: The Pakistan Stock Exchange (PSX) today, first day of the week, showed a mix trading between bearish and bullish trend.

The benchmark KSE-100 swung between positive and negative territories and ended the session nearly flat.

Moreover, the fresh depreciation of the rupee against the US dollar in the interbank market added to the woes of investors.

At close, the benchmark KSE-100 index closed at 42,504.34 points with a decrease of 87.17 points or 0.20%.

A report from private company said that the market observed a negative session today due to concerns over mounting inflation and GDP growth rate.

Shares of 337 companies were traded during the session. At the close of trading, 115 scrips closed in the green, 197 in the red, and 25 remained unchanged.

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