Karachi: The KSE-100 index faced a significant drop in the latest trading session, closing at 79,842 points—a loss of 831 points from the previous day. The market, which had opened on a high note at 80,972 points, succumbed to profit-taking pressures by the end of the day.
According to JS Global, the downturn reflected a shift in investor sentiment as profit-taking overcame initial optimism. The report highlighted key sectors for investors to focus on, including Cement, Automobile, and Technology, suggesting a 'buy-on-dips' strategy in these areas for potential gains. The overall market cap fell by 0.71% in a single day, further indicating a broader retreat from recent highs.