FLASHNEWS:

JS Securities Limited – JS Market Wrap (July 07, 2022)

Karachi, July 07, 2022 (PPI-OT): View from the desk

Market opened on a positive note but later faced profit taking due to lack of triggers. Index closed at 41,344, gaining 184 points DoD. Traded volume stood at 99mn shares where LOTCHEM (-0.8%), OGDC (4.0%), SNGP (2.0%), PRL (-0.7%) and CNERGY (0.4%) were the volume leaders. Going forward, investor sentiment will largely be driven by positive news on the IMF front. We recommend investors to adopt a buy-on-dips strategy.