JS Securities Limited – JS Market Wrap (20-01-2021)

Karachi, January 20, 2021 (PPI-OT): View from the desk

The PSX KSE-100 closed in the negative zone at 45,677 (down 226 points), after making an intraday low of -358 points. Total traded volume was 477mn shares with the side boards being the main contributors where SILK (7.5%), UNITY (5.6%), HUMNL (7.3%), POWER (2.6%), TRG (-1.3%) and LOTCHEM (4.5%) were the volume leaders. Market remained on the jittery side throughout the session.

Profit taking was witnessed from the investors. POL (-1.3%), PPL (-1.6%) and OGDC (-2.1%) closed in the negative trajectory. Mixed sentiment was seen in the Cements where LUCK (-0.8%) and KOHC (-1.9%) closed in the red whereas PIOC (0.4%) and ACPL (0.5%) closed in the green zone. Furthermore, investors are recommended to avail any downside as a buying opportunity.

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