Pakistan Stock Exchange (PSX) witnessed mixed trend during the outgoing week ended on June 30, 2017 due to investors'' cautious stance over prevailing political situation in the country. However, fresh buying mainly by foreign investors supported the benchmark KSE-100 index to register an increase of 232.98 points on week-on-week basis to close at 46,565.29 points.
The foreign investors remained net buyers of the shares and bought equities worth $34.121 million during this week. The stock market opened for only two days after long Eid holidays from Monday to Wednesday. During the week, average daily trading volumes stood at 211.553 million shares. Total market capitalization increased by Rs 105 billion to Rs 9.522 trillion.
The market opened on strong positive note after Eid holidays and the benchmark KSE-100 index increased by 379.54 points and closed at 46,711.85 points on Thursday. During the session, the index crossed 47,000 psychological level and hit 47,090.28 points intra-day high, however could not sustain this level due to selling in some selective stocks in late hours. Trading activity however remained thin as daily trading volumes on the ready counter decreased to 187.404 million shares.
On Friday, the market witnessed a mixed trend due to investors'' cautious stance over political situation. The KSE-100 index lost 146.56 points and closed the week at 46,565.29 points. However, trading activity improved on the last day of the week, as daily trading volumes increased to 235.703 million shares. The market capitalization increased by Rs 17 billion to Rs 9.522 trillion.
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