Business
Pakistan Stock market under pressure as volatility persists
The current tension between the government and Jahangir Tareen could be a source of concern for investors.
According to various reports, supporters of Jahangir Tareen have sided with Prime Minister Imran Khan while have turned against Punjab Chief Minister Usman Buzdar.
According to experts, the PSX 100 Index will remain at a maximum of 46,400 points and a minimum of 45,200 points today.
Due to budget delays, investors will trade cautiously.
According to a report, the official announcement of easing of lockdown by the NCOC could temporarily accelerate the pace of the economy in the country.
On the other hand, investors have a keen eye on the budget for the current financial year as well.
The Karachi 100 Index has seen an increase in the last five sessions, while the sale of shares by people increased yesterday, after which the Karachi 100 Index declined by 300 points.
The Pakistan Stock Exchange (PSX) is all set to make a newly acquired trading platform fully operational over the next couple of months to strengthen security features to better safeguard investors’ data and integrate the national bourse with regional and international stock markets.
The new trading system, which is bought from Shenzhen Stock Exchange (SZSE) for $2.85 million, has a built-in surveillance system, which means it is capable of preventing and detecting data leakages and theft attempts. The integration would help to attract foreign investment at PSX.