Weekly review: PSX 100-index gains 561 points as cautious trading continues

Weekly review: PSX 100-index gains 561 points as cautious trading continues
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Summary Investors adopted prudent attitude for purchasing shares.

KARACHI (Dunya News) - Pakistan Stock Exchange (PSX) benchmark 100-share index gained 561 points to close at 48, 971 mark in previous trading week.

According to details, investors adopted prudent attitude for purchasing shares whereas overall trading volume stood at Rs260 million.

Stocks analysts linked incessant decline of oil price in international market with poor performance of power sector in equity market.

Local and foreign investors show reluctance in pouring money in stock market as verdict of Panama Leaks case is still hanging in air and negative rumors are clouding overall business atmosphere.

Owing to above mentioned reasons, stock market is trading in a confined limit since past few weeks.