Karachi: The Pakistan Stock Exchange experienced a notable decline today, closing down by 635 points at 78,652, as profit-taking dominated the session due to a lack of positive market triggers. The market initially opened on a positive note, peaking at an intraday high of 79,507, but failed to break through the resistance level at 79,500 points.

According to JS Global, trading volume reached 533 million shares, with notable activity in stocks like WTL, PAEL, WAVESAPP, KOSM, and SLGL. Despite today’s downturn, analysts at JS Global advise investors to consider any market pullbacks as potential investment opportunities, particularly highlighting the Banking and Fertilizers sectors as attractive fields for future investment.

Looking forward, market activity is expected to remain range-bound in upcoming sessions, reflecting a cautious outlook among investors. The day’s trading closed with a cumulative volume of 532.73 million shares traded, totaling a value of 14.74 billion rupees.