Karachi: The Pakistan Stock Exchange (PSX) concluded the week with a rise, marking an increase of 139 points to close at 78,488. Focused buying activity in sectors like fertilizer, oil & gas, and banking contributed to the market’s positive momentum, although profit-taking trimmed some of the earlier gains.

According to JS Global, the trading volume for the day was substantial, with notable movements particularly in stocks within the fertilizer, oil & gas, and banking sectors. The PSX hit a peak of 78,914 points during the session, up by 565 points, but settled lower due to profit-taking activities. Analysts at JS Global recommend maintaining a ‘buy on dips’ strategy given the ongoing volatility, suggesting focus areas in technology, fertilizer, cement, and oil & gas sectors for potential gains.

The broader market indicators showed mixed results. The KSE30 index nudged up by 0.15% to close at 24,923.18, while the KSE100 index increased by 0.18% to close at 78,488.22. The market capitalization of PSX also saw an increase, totaling Rs 10,485.34 billion, which reflects a 0.36% daily gain.