Karachi, November 30, 2021 (PPI-OT): View from the desk

Foreign flows were talk of the town for today’s session where MSCI related stocks were the most prominent. Healthy activity from Foreigners as well as Locals was witnessed. Total traded volume was 412mn shares where the top five contributors were HBL, MCB, UBL, TRG and HUBC. KSE-100 index closed at the 45,072 level, down 258 points. Going forward, details on the Saudi Package realization and IMF agreement will decide the market’s direction.