Karachi, August 12, 2022 (PPI-OT): View from the desk

Bullish Momentum continued as KSE-100 index posted a gain of 614 points DoD to close at 42,857. Volumes stood at 374mn shares as compared to 282mn shares traded previously. CNERGY (5.6%), WTL (3.1%), PRL (7.5%), HASCOL (26%) and LOTCHEM (7.1%) were the volume leaders today. Going forward, we recommend investors to adopt a ‘buy-on-dips’ strategy in Banking, E and P and Cement sectors.