Islamabad, The Pakistan Stock Exchange (PSX) experienced a turbulent trading session today, with the benchmark KSE-100 index initially gaining momentum before surrendering its early gains to close lower. The index, which had reached an intraday high of 65,354 points, ultimately closed at 64,816 points, marking a decrease of 248 points from the previous day's close. This fluctuation occurred amidst a mixed performance in regional markets and varying performances among leading stocks on the exchange.

According to JS Global, the day began on a positive note as the bourse initially climbed by 290 points. However, the gains were short-lived as the market failed to break through the intraday resistance range of 65,300-65,700 points. Volume leaders for the day included HASCOL, CNERGY, WTL, TELE, and BOP, with varying degrees of price changes. Notably, HASCOL rose by 2.1%, while CNERGY and WTL saw declines of 2.9% and 0.7%, respectively.

The report provides a detailed snapshot of the market's performance, noting a day-over-day percentage change of -0.38% for the KSE-100 index. Similarly, the KSE-30 index witnessed a decline, dropping by 0.72%. On a year-to-date basis, both indices have posted gains, with the KSE-100 and KSE-30 indices up by 3.79% and 3.76%, respectively.

In terms of market capitalization, the PSX saw a slight decrease of 0.48%, with the market cap standing at 9,202.77 billion rupees ($33.07 billion). The report also highlighted the day's gainers and losers, with NBP, THALL, FFBL, PKGP, and JDWS among the top gainers, while KTML, PIOC, KOHC, POML, and PSX were among the notable losers.

The trading session reflected broader trends in regional markets, with China's SSEA index closing up by 0.5%, while indices in India, Indonesia, Korea, and the Philippines posted declines. Malaysia's KLSE and Taiwan's TWII experienced mixed fortunes, highlighting the varied investor sentiments across the region.

JS Global Capital Limited, in its analysis, emphasizes the importance of the investment objectives, financial situation, and particular needs of investors, advising further professional consultation or reliance on individual judgment before making any investment decisions. The report serves as a comprehensive overview of the day's market activities, offering insights into the dynamics that influenced the PSX's performance.