Karachi, July 06, 2022 (PPI-OT): View from the desk

KSE-100 index closed at 41,160, gaining 57 points DoD. Overall traded volume stood at 98 million shares where AGL (6.2%), UNITY (0.5%), ANL (3.1%), LOTCHEM (0.3%) and SNGP (0.6%) 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.