FLASHNEWS:

JS Securities Limited – JS Market Wrap (15-08-2022)

Karachi, August 15, 2022 (PPI-OT): View from the desk

KSE-100 Index gained over 800 points during the day closing at 43,622, up 764 points compared to Friday’s closing. News of US$3bn deposit from Saudi Arabia was welcomed by investors. Traded volumes stood at 542mn shares where KEL (6.3%), PRL (1.3%), WTL (0.7%), TELE (8.0%) and CNERGY (1.2%) cumulatively contributed 37% to the total volumes. Going forward, we recommend investors to avail any downside as an opportunity to buy in the Cements, Steel and Textile sectors.