Karachi, 12 Oct 2023:Despite enduring a turbulent session, the KSE-100 index managed to secure a gain of 297 points, settling at 48,772, as revealed in a research report by JS Securities Limited. The session’s volatility was primarily driven by investors opting to secure profits and pursue stocks associated with positive announcements. Engro Fertilizers Limited (EFERT), which saw a 4.6% uptick, announced a cash dividend of Rs6 per share, while Pak Suzuki Motor Company Limited (PSMC) experienced a 5.5% boost following a board announcement regarding shareholder approval for a buy-back and delisting scheduled for October 19.

The market turnover experienced a downturn, dropping to 342 million shares Day on Day (DoD). Noteworthy volume leaders included K-Electric Limited (KEL) gaining 3.6%, Worldcall Telecom Limited (WTL) declining by 0.8%, Nishat Chunian Power Limited (NCPL) dropping by 1.0%, Pakistan Refinery Limited (PRL) falling by 1.4%, and TRG Pakistan Limited (TRG) experiencing a substantial 6.8% decrease. Investors are being advised to accumulate on dips in this varied market climate, cautiously navigating through the multifaceted session that showcased both ascensions and declensions amidst corporate announcements that notably influenced the trading trajectory.