Karachi, October 12, 2021 (PPI-OT): View from the desk

KSE100 witnessed a blood bath today in the first half but eventually managed to close in green. Market recovered by the end of the day due to broad based valued buying across all sectors as shares were trading on deep discounts. Healthy participation was witnessed in Banks, Cements and Fertilizer sector stocks. Total traded volume stood at 405mn shares with WTL (-1.8%), TELE (-4.2%), TREET (-7.5%), UNITY (-3.8%), and BOP (7.1%) being the highest contributors. Moving forward, we recommend investors to adopt a buy on dip strategy in the blue-chip stocks.