PSX likely bullish on opening trading day of the week

KARACHI: The Pakistan Stock Exchange (PSX) ended the outgoing week with a modest weekly loss of 0.67 per cent at 78,045.30 points.

This came after a whole week of fluctuations, with some positive sentiment fueled by Independence Day and Olympics celebrations.

Reserves strong, inflation low; stock market expected to grow

Strictly in business terms as well, the market sentiment was positive due to controlled inflation and rising foreign exchange reserves. There are also expectations of further reduction in fuel prices.

Market experts are of the view that the positive sentiment is likely to continue on the back of improving macroeconomic indicators.