The Pakistan Stock Exchange experienced a minor dip Wednesday, attributed to profit-taking, while maintaining an overall positive trend, as highlighted by Economic Analyst Ahmed Chinoy.

Chinoy, who is also the Director of the Pakistan Stock Exchange, noted that the recent downturn should not be a cause for alarm. He observed that despite today’s market negativity, a significant upward trajectory has been evident over the preceding three days, accompanied by investors capitalizing on profits and offloading shares.

The market is anticipated to stabilize over the next few days, with expectations of improved performance thereafter. Chinoy emphasized the favorable trading environment, underscored by rising trading volumes, and suggested that investment opportunities remain viable. He advised investors to exercise caution, conduct thorough research, and invest prudently in shares with potential.

The exchange’s indices saw slight reductions, with the KSE30 and KSE100 indices dropping by 7.94 and 39.36 points, respectively. Turnover for the ready market stood at over 609 million, reflecting active trading despite the slight market correction.

In the ready market, 207 companies saw gains, 191 faced losses, and 53 remained unchanged out of a total of 451 companies. Meanwhile, the future market recorded 164 companies gaining, 147 losing, and 7 unchanged out of 318 companies.

Companies such as PIA Holding Company LimitedB and Khyber Textile Mills Limited saw notable increases in their rates, closing at 10,295.59 and 978.13, respectively. In contrast, Unilever Pakistan Foods Limited and Hoechst Pakistan Limited experienced decreases, closing at 22,676.15 and 3,260.00, respectively.

The market capitalization saw a slight increase, settling at 14,211,153,269,664 from the previous 14,205,143,915,344, reflecting the day’s mixed trading activity.