The Pakistan Stock Exchange (PSX) witnessed a lacklustre, range-bound trading session on Friday, with the benchmark KSE-100 Index closing near 170,480 points, declining approximately 700 points.
“A range-bound trading session was observed at the exchange, with the index fluctuating within a narrow band before closing at 170,479 points, down 0.41%,” noted Topline Securities in its market review.
The cautious market activity was largely driven by limited progress in US-Iran peace negotiations this week. Meanwhile, renewed tensions in the region persisted as clashes continued despite the fragile ceasefire established in April, while ongoing hostilities in Lebanon further weighed on investor sentiment.