Karachi, JS Global Capital Limited released its latest analysis of the Pakistan Stock Exchange (PSX), noting a significant upswing with the KSE100 index gaining 524 points to close at 71,433. This upward momentum was broad-based, with substantial gains across multiple sectors, except for a slight decline in the Refinery sector.

According to JS Global, today's market rally was particularly strong in the Auto sector with companies like DFML, HCAR, and SAZEW closing at their respective upper limits. The Cement, Steel, and Technology sectors also experienced renewed investor interest, contributing to the overall positive market performance. Market turnover surged to 655 million shares, highlighting robust trading activity with significant contributions from volume leaders like HBL, PRL, PAEL, WTL, and KEL.

Analyst Muhammad Shuja Qureshi advised investors to book gains on the higher side and wait for market dips before making new purchases, suggesting a strategy of cautious optimism amid the ongoing rally. The report underscores the KSE30 and KSE100 indices' strong performance year-to-date, reflecting a bullish trend in the local market amidst regional variations.

The report also provided a snapshot of market capitalization, showing an increase in both local currency and US dollar terms, further evidencing the market’s growth trajectory. Additionally, international bond price updates and secondary market yields were discussed, providing a comprehensive overview of financial movements impacting the PSX.