PSX: Crude Oil Volatility Impacts 100 Index


PSX: Crude Oil Volatility Impacts 100 Index

The PSX 100 index and crude oil prices remained in opposition to each other during the trading day. When the price of oil increased, the index fell, and when the index increased, the price of oil decreased.

The Pakistan Stock Exchange (PSX) benchmark 100 index opened the trade today with a negative opening of over 1,000 points.

According to market sources, the PSX 100 index, including Asian stock markets, also fell on rising crude oil prices.

The index was down more than 27 points at one point in the first trading session on Friday. However, in the second session, the market trend changed and the index ended the business with an increase of 1,646 points at 170,511.

In the share market, deals of 687.4 million shares were settled at 33 billion rupees, while the market capitalization increased by 160 billion rupees to 19 thousand 15 billion rupees.



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