The Pakistan Stock Exchange (PSX) saw a rise in the benchmark index, but it later dropped due to political uncertainty. The index gained 402.07 points in the morning, but by noon it had dropped by 368.26 points, closing at 64,269.37 points. Chief investment officers noted that the rally was led by the energy sector, but the market remained volatile with upcoming elections. Institutional investors stayed on the sideline due to the lack of clarity on elections. The resolution of circular debt had initially influenced market activity, but political instability will continue to affect the market. It is recommended that investors stay committed to high-value markets due to projected bullish trends. Overall, early gains were driven by energy and bank stocks.


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By hassani

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