The Pakistan Stock Exchange (PSX) witnessed range-bound trading on Thursday, with the benchmark KSE-100 Index closing slightly lower by 150.53 points, or 0.1%, at 147,343.50.
Investor sentiment remained cautious during the ongoing rollover week, characterized by low trading volumes and subdued market activity. On Wednesday, PSX had extended its losing streak for the third consecutive session, closing down 941.03 points, or 0.63%, at 147,494.03.
Market analysts attribute the cautious mood to rollover pressures, with traders reacting to a weak economic outlook and concerns over a national flood alert. The combination of these factors, along with uncertain global cues, has prompted investors to remain on the sidelines, awaiting more clarity on both domestic and external factors impacting the market.
Despite the decline, there is cautious optimism that the market could stabilize once rollover-related pressures subside, though market participants remain wary of any further external shocks.
