KARACHI: With brief dips, the stock market has been moving in a bullish direction throughout the last week. Overall, last week saw the Pakistan Stock Exchange (PSX) stay positioned for expansion.
On Monday, though, the benchmark KSE-100 began to decline, and that was the direction it stayed until Thursday morning.
Read More: Final alert: FBR prepared to turn off non-filers’ gas, electricity, and mobile connections
The index saw a good move today, rising 600 points before midday. At 63,919.84 points at opening, the index was observed to be hanging around 64,524.80 points by lunchtime.
The energy industry continued to be the main cause of both the recent decline and the current increase. Most likely, another sharp decline in oil prices on the global market is what’s causing the oscillations.
