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PSX weekly report: KSE-100 witnesses mixed trend

KSE-100 index
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The Pakistan Stock Exchange (PSX) witnessed a mixed trend throughout the week, with both gains and losses seen in the KSE-100 index.

On Monday, the market began the week on a negative note, dropping by -379.78 points, or 0.27%, closing at 138,217.58 points. Out of 479 traded shares, 193 gained, 245 declined, and 41 remained unchanged.

Tuesday brought a strong recovery, as the index surged by 1,202.03 points, or 0.87%, closing at 139,419.61 points. Investor sentiment improved with 268 shares gaining value.

However, the momentum slowed on Wednesday, with a slight drop of -165.26 points (-0.12%), pushing the index down to 139,254.35 points. The number of declining shares rose to 243.

The downward pressure continued Thursday, as the market fell by -561.69 points, a 0.4% decrease, closing at 138,692.66 points. Market breadth remained negative, with 273 shares in loss.

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On Friday, the PSX bounced back, gaining 514.62 points, or 0.37%, to close the week at 139,207.28 points. While the market closed positively, trading activity remained cautious.

Overall, the KSE-100 index gained 609.7 points from Monday’s close, ending the week on a positive note despite midweek volatility. The market was driven by investor sentiment, global economic cues, and sector-specific movements.

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