Karachi, May 19, 2022 (PPI-OT): View from the desk

The bourse witnessed range bound activity today with a movement 317 points. The Index opened positive, however failed to sustain its momentum and closed slight below 43,000, down 43 points. Market volume leaders today were GGL, WTL, SILK, TELE and CNERGY, while total volume traded were 187 million shares. Going forward, we believe the market is weak. It is therefore advisable to stay aside.