Karachi, August 26, 2022 (PPI-OT): View from the desk

Bourse remained under pressure throughout the day due to rising political uncertainty and possible damage from flash floods to the economy. KSE-100 index closed at 42,591, losing 441 points DoD. Traded volume stood at 266mn shares where KEL (3.5%), PRL (1.2%), PAEL (1.8%), CNERGY (-2.1%) and WTL (-1.5%) were the highest contributors. Going forward, we recommend investors to avail any downside as an opportunity to buy Technology and Banking sector stocks.