KARACHI: The Pakistan Stock Exchange (PSX) remained under consistent pressure throughout the week as investors maintained a cautious approach ahead of the upcoming federal budget. Concerns over potential tax measures weighed heavily on market sentiment, contributing to a continued downward trend.

The benchmark KSE-100 Index dropped by 546.47 points, or 0.45% on a week-on-week (WoW) basis, closing at 119,102.67 compared to 119,649.14 points in the preceding week. Average daily trading volumes also declined significantly, falling 25% WoW to 491.75 million shares from 559 million shares previously.

Meanwhile, the average daily traded value on the ready counter dropped from Rs 38.60 billion to Rs 23.80 billion. The total market capitalization also dipped slightly, decreasing by Rs 4.51 billion to settle at Rs 14.385 trillion, down from Rs 14.390 trillion a week earlier.

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