JS Securities Limited – JS Market Wrap (July 04, 2022)
Karachi, July 04, 2022 (PPI-OT): View from the desk
KSE-100 index closed at 41,348, down 282 points compared to Friday’s closing. Traded volume stood at 86 million shares where SNGP (2.6%), AGL (3.1%), PRL (-3.2%), MLCF (-0.6%) and WTL (0%) were the major contributors. Going forward, investor sentiment will be driven by positive news from the IMF front. JS Securities Limited recommends investors to adopt a buy-on-dip strategy in the Banking and E and P sectors.