JS Securities Limited – JS Market Wrap (August 05, 2022)
Karachi, August 05, 2022 (PPI-OT): View from the desk
Finally, KSE-100 breached the psychological resistance of 41,680 and closed at 42,096 gaining 671 points DoD. The market opened positive and hit an intraday high level of 42,168 points. Investor interest was witnessed across the board as the market recorded volume of 407mn shares with major contribution coming in from CNERGY (10.2%), PRL (6.0%), WTL (5.7%), TPLP (1.0%) and PAEL (2.8%). Going forward, we recommend investors to avail any downside as an opportunity to buy Cements, Steel and Textile stocks.