Karachi, The Pakistan Stock Exchange (PSX) experienced a modest downturn in its latest trading session. The KSE100 index, a benchmark for market performance, closed at 65,603, marking a decrease of 54 points from the previous day. Despite opening in the green and reaching an intraday high of 65,874 points, the market could not maintain its upward momentum, resulting in a day dominated by profit-taking across various sectors.

According to JS Global, Capital's Research Department the trading volume for the day stood at 337 million shares. Notable volume leaders included PAEL, TELE, PIAA, WTL, and CNERGY, with PAEL leading the gains at 7.4 percent. Conversely, the market also saw significant losses, with HGFA and NESTLE among the top losers, declining by 5.56 percent and 3.78 percent, respectively.

The KSE30 and KSE100 indices showed decreases of 112.96 and 53.53 points, respectively, reflecting the overall market sentiment. Year-to-date, the KSE100 index has seen an increase of 5.05 percent, while the KSE30 index has grown by 6.43 percent, indicating a somewhat positive performance for the year.

The PSX's market capitalization stood at Rs 9,330.08 billion, a slight decrease from the previous day, illustrating the impact of the day's trading activities. The report also highlighted the performance of regional markets, with varying degrees of gains and losses, offering a broader perspective on the current financial landscape.

JS Global Capital Limited's report emphasizes that its analysis is for informational purposes and advises investors to seek further professional advice or rely on their own judgment before making any investment decisions. The report also contains a caution against unauthorized reproduction, distribution, or publication of its contents.