Karachi, 17 Oct 2023:The KSE-100 index momentarily surpassed the 50,000 mark, a feat unseen in almost six years, before experiencing a dip of 200 points, settling at 49,531 by the close of trading. Despite a downward trend in several major sectors, cement stocks, notably CHCC with a 2.8% increase, MLCF with a 2.5% surge, and PIOC at a rise of 4.3%, managed to stave off a more pronounced downturn. The market reported decreased day-on-day volumes, registering at 368 million shares. Among those with significant volume were KEL, showing a decline of 1.3%, PIBTL with a slight 0.4% rise, MLC and GGL both increasing by 2.5%, and AIRLINK marking a notable 6.0% ascent. According to the analysis provided by JS Securities Limited, potential future corrections could pave the way for the acquisition of value stocks.