Karachi: The Karachi Stock Exchange (KSE) faced another bearish day as investors continued to show a preference for selling due to tensions in the Middle East and a lack of immediate market triggers. The KSE-100 index closed at 77,887, down by 742 points from the previous day. Market analysts have advised investors to remain cautious, suggesting that dips might present buying opportunities, particularly in sectors such as Cement, Steel, Tech, and Fertilizers.

According to JS Global, the local bourse witnessed subdued activities, with the report highlighting notable movements in various sectors. Despite the overall downward trend, there were pockets of resilience. Shares of NCPL, Fatima, BNWM, and PAKT showed some positive movement, with respective price increases of 4.37%, 3.79%, 3.68%, and 2.22%. Conversely, major losses were observed in shares of HABSM, THALL, SEARL, FCCL, and KOHC, each facing significant declines.

The report from JS Global Capital also provided insights into the performance of the broader market indices and specific sectors. For instance, the KSE-30 index fell by 242.66 points, reflecting a similar trend to the main KSE-100 index. Additionally, trading volumes and market capitalization figures indicated a slight contraction compared to the previous sessions.

Investors are now looking ahead with a cautious stance as the market navigates through geopolitical uncertainties and domestic economic challenges. JS Global Capital continues to monitor the situation closely, providing updates and strategic guidance to its clients.