Karachi, The Pakistan Stock Exchange (PSX) concluded a lackluster trading day with the KSE-100 index down 291 points, settling at 77,940. Market activities were subdued as investors awaited fresh catalysts, reflective in the lower trading volumes compared to typical daily averages.
According to JS Global, the trading session on Tuesday saw notable declines in key indices with the KSE-100 and KSE-30 indices recording decreases of 0.37% and 0.46% respectively. UNITY and FATIMA were among the few gainers, while JDWS and PPL saw significant drops. The day ended with a total trading volume of 292.19 million shares, valued at Rs 11.41 billion, indicating a cautious stance among market participants.
The report highlights a general anticipation of a rally triggered by corporate earnings, suggesting potential growth in sectors like cement, banking, and technology. Investors are advised to consider entering these markets at lower levels to capitalize on the expected upswing. Despite the day's downturn, the year-to-date returns for the KSE-100 index remain robust at 24.80%, underscoring the underlying strength in the broader market despite short-term volatilities.