Karachi: Following a series of bearish sessions, the Pakistan Stock Exchange (PSX) witnessed a significant rebound on Tuesday, with the KSE100 index climbing by 1,046 points in the early hours, and closing up by 448 points at 78,987. This recovery was primarily driven by substantial buying in the Fertilizer, Technology, and Automobile sectors.
According to JS Global, this positive shift in the market came as investors took advantage of attractive stock levels, leading to increased activity. Despite some profit-taking at higher levels, the market managed to maintain its positive momentum throughout the day. JS Global advises investors to continue adopting a 'Buy-on-dips' strategy, especially focusing on Technology, Fertilizer, and Oil stocks, considering the potential for further gains.
The day's trading concluded with the KSE100 index firmly in the green zone, indicating a strong market confidence revival. Mubashir Anis Naviwala from JS Global Capital Limited suggested that the day’s trading activity reflects a significant turn in market sentiment, potentially setting the stage for sustained positive momentum in the sessions to come.