Karachi: The Pakistan Stock Exchange (PSX) concluded today’s session on a high note, with the KSE-100 index climbing significantly due to sustained buying interest, particularly in smaller stocks, amidst overall low trading volumes.
According to JS Global, the market opened positively and maintained upward momentum throughout the session, ending with the KSE-100 index up by 672 points at 79,287. Total traded volume was recorded at 509 million shares, with notable activity in shares of companies like WTL, KOSM, AGL, PACE, and SLGL. In light of recent market trends, JS Global recommends a buy-on-dips strategy focused on sectors such as Cement, Automobile, and Technology, which are expected to drive market dynamics in upcoming sessions.
On the broader market front, indices like KSE30 also showed positive movements. The day’s trading led to several stocks emerging as significant gainers, with companies such as BNWM, BAFL, and FATIMA showing notable price increases. Conversely, KTML and BIPL were among the few that faced declines. The overall market capitalization increased slightly, reflecting a continued investor confidence in the market’s potential for recovery and growth.