KARACHI: Trading activity on the Pakistan Stock Exchange was erratic over the course of the five days, with profit-taking and correction accounting for the majority of trading activity.
Following the extended weekend, the index began trading on Tuesday with a bearish attitude once more and fell by more than 1,200 points in the first two hours of trading.
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The benchmark index started the day at 61,705.09 points and fell to 60,316 points by 11 a.m., only to slightly rebound to 60,540.44 points.
The analysts had predicted that market connection would be the main cause of the decline. Now, though, there are also hopes that the market correction will end this week, which would enable the KSE-100 index to start 2024 on a high note.
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It appeared that the telecom and energy sectors led the market decline. Nonetheless, the majority of notable equities and industry sectors were displayed in red, signifying a general market correction that was unrelated to the state of any specific market segment.
