PSX likely to continue with lacklustre, range-bound performance
Daily Times(PK)
The Pakistan Stock Exchange (PSX) is likely to continue with range-bound activity in the week starting today (Monday) after two successive weeks of lacklustre and range-bound performance.
However, the factor of result seasons may keep the PSX away from plunging, which was witnessed on Friday last, and there is expectation that the market will remain in the green zone at the start of the week.
However, analysts are divided over the behaviour of the market. Analysts at Arif Habib Limited expect the stock market will pick up pace next week. “The results season is about to commence and we think that cyclical sectors can once again attract the limelight on the back of robust economic activity,” they said.