JS Securities Limited – JS Market Wrap (August 01, 2022)
Karachi, August 01, 2022 (PPI-OT): View from the desk
KSE-100 index witnessed range-bound activity today. The index closed at 40,076, losing 74 points compared to the previous session. A total of 110mn shares were traded where TPLP (1.0%), TRG (-0.1%), WTL (-0.8%), AGL (3.1%) and TELE (0%) were the top volume leaders. Inflation for the month of July came in at 24.9%, a 14-year high. Going forward, development on the political and economic front will set the direction for market. We recommend investors to stay cautious at current levels.