Market Sees Positive Momentum with Gain of 539 Points; JS Securities Weighs In

Karachi, The stock market showed a promising trajectory today, closing with an impressive gain of 539 points at 51,483. This surge was primarily driven by commendable corporate results, manifesting in a broad-based rally. Several companies stood out with their performances, notably CSAP, HCAR, PSMC, and SHEL, all of which observed a 7.5% uptick, maxing out their respective upper limits.

According to JS Securities Limited, trading volumes reached a notable 287 million shares during the session. PRL led the volume board with a 5.2% increase, followed by AIRLINK with a 4.6% rise. However, not all stocks shared the positive trend; BOP saw a decrease of 10% and WTL slid by 1.5%, with MLCF showing a moderate increase of 1.0%.

JS Securities remains optimistic about the market’s trajectory, projecting that it will likely experience additional gains in the coming sessions. They suggest that investors consider bolstering their portfolios by acquiring more shares during market downturns.

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