JS Securities Limited – JS Market Wrap (May 12, 2022)

Karachi, May 12, 2022 (PPI-OT): View from the desk

Market opened on a negative note, however a rebound was witnessed later during the trading session as investors uplifted the market in anticipation of some stability on the political front. The index closed in the green at 42,898, up 35 points DoD. Traded volumes stood at 285mn shares where TREET (+4.6%), TPLP (+0.7%), TELE (+3.8%), WTL (+0.7%) and GGL (+4.1%) were the volume leaders. Going forward, we recommend investors to avail any dips as a buying opportunity in the Cement, Banking and E and P sectors.

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