PSX witnesses sluggish trade due to political situation

KARACHI: The Pakistan Stock Exchange (PSX) started the days's session with a six hundred point jump and crossed the 46,000 point mark before falling to 45,000 points. 

"Foreign investors are wary of the political situation and there is hardly any retail investment after the 100 index fell 8,000 points, also, mutual funds are almost done with their buying," said Rehan Atiq, CEO Shajer Capital. 

The benchmark KSE-100 index closed the day at 45,059 points, down 358 points for the day. 

For the week, the index is 700 points higher and market capitalization is at Rs151 billion compared to last week's closing session. 

The average trading volume during the first four days of the week averaged 136 million compared to last week's 190mn.