JS Securities Limited - JS Market Wrap (October 04, 2022)

FLASHNEWS:

Sindh Government Commits PKR 14.7 Billion to K-IV Water Project

Snow Leopards Threatened by Road Construction in Gilgit-Baltistan

Punjab Government Subsidizes Agricultural Equipment to Boost Rice Farming Efficiency

Engro Fertilizers and Engro Polymer Expect Declines in Quarterly Earnings as per AKD Securities

Japan Grants $9.8 Million for Development Projects in Islamabad

PSX Experiences Minor Downturn Amid Varied Sector Performances

Technical Indicators Suggest Caution in Karachi Stock Market Trading

Exchange Rates Fluctuate Slightly in Pakistan’s Currency Market

KSE-100 Sees Minor Retreat Amidst Trading Caution

Fauji Cement and DG Khan Cement Anticipate Mixed Financial Outcomes for Q3 FY24

Spotify and Coke Studio Pakistan Announce Continued Collaboration for Music Season 15 in Karachi

SITE President Calls for Action as Rising Production Costs Threaten Factory Operations

FPCCI Criticizes Recent Increases in Petroleum Prices Despite Favorable Economic Indicators

Shabbir Mansha Churra Named Chairman of Pakistan-China Business Council

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JS Securities Limited – JS Market Wrap (October 04, 2022)

October 4, 2022

Karachi, October 04, 2022 (PPI-OT): View from the desk

Bourse started on a positive note and closed at 41,350, gaining 139 points DoD. Traded volume stood at 593mn shares where WTL (47%), FLYNG (14%), KEL (1.0%), GTECH (12%) and TPLP (0.9%) were the highest contributors to volume. WTL was the volume leader on back of its material information. Going forward, we recommend investors to adopt a buy-on-dips strategy in Banking, Fertilizers and Cement sectors.