Karachi: The Pakistani Stock Exchange (PSX) experienced notable gains during Tuesday's trading, driven by strong activity in the Auto and Tech sectors. However, these gains were tempered by profit-taking amidst global political tensions, resulting in a modest overall increase.
According to JS Global, the KSE100 index climbed to a high of 77,746 points, reflecting a gain of 662 points early in the session. Despite this strong start, the index eventually closed at 77,191 points, up by 107 points from the previous day. The fluctuation in the market was attributed to investors capitalizing on attractive price levels, spurred by a recovery in global capital markets.
The report provided by JS Global's Research Department emphasizes a cautious approach for investors moving forward, particularly in sectors such as Auto, Tech, Refinery, and Oil and Gas, advising position adjustments during market dips. This advice comes as the PSX looks to navigate a complex landscape of local and international economic influences.