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JS Securities Limited – JS Market Wrap (July 05, 2022)

Karachi, July 05, 2022 (PPI-OT): View from the desk

KSE-100 index closed at 41,102, losing 246 points DoD. Overall traded volume was low and stood at 77 million shares where MLCF (-5.2%), WTL (1.5%), FCCL (-3.6%), PRL (1.1%) and LOTCHEM (2.2%) were the prominent contributors. Going forward, investor sentiment will largely be driven by positive news on the IMF front. We recommend investors to adopt a buy-on-dip strategy.