JS Global Provides Insight on Lackluster PSX Trading Activities and Future Market Expectations

Karachi: JS Global Capital Limited has issued a snapshot of recent activities on the Pakistan Stock Exchange (PSX), noting a continuation of lackluster trading with the KSE-100 index closing slightly down by 70 points at 80,213.

According to JS Global, the market displayed a general preference for profit-taking at higher levels, despite a dominant bullish trend earlier in the week which saw the KSE-100 index gain 1,768 points. Looking ahead, the firm anticipates this trend of profit-taking to persist, but suggests that forthcoming corporate results announcements and developments regarding the next International Monetary Fund (IMF) program could sway market sentiments. The report emphasizes that, while the market has shown resilience in the short term, broader economic indicators and global geopolitical tensions continue to influence trading patterns.