FLASHNEWS:

JS Securities Limited – JS Market Wrap (May 17, 2022)

Karachi, May 17, 2022 (PPI-OT): View from the desk

Bourse witnessed range-bound activity today due to noise in domestic politics and concerns over economic outlook, which kept investors from healthy participation. KSE100 moved between the range of 277 points, while traded volumes stood at 196mn shares with WTL (2.1%), CNERGY (1.9%), LOTCHEM (-2.2%), PRL (1.8%) and TREET (-0.8%) among the top volume leaders. Going forward, we expect range bound activity to continue in the coming sessions, where we recommend investors to avail any downside as an opportunity to buy in Cement and Textile sectors.