JS Securities Limited - JS Market Wrap (October 10, 2022)

FLASHNEWS:

KSE-100 Experiences Volatility, Closing Lower in Recent Session

KSE-100 Sees Decline, Mixed Indicators Suggest Uncertain Future in Karachi Market

Karachi Stock Exchange Sees Modest Movements Amid Varied Sector Performances

HBL Launches Women’s Tekken Tournament in Lahore to Empower Female Gamers

Pakistani Banks to Implement IFRS 9 Standards Starting January 2024

Cement Companies’ Earnings Outlook Mixed in Upcoming Quarterly Results

VIS Credit Rating Reaffirms ‘A+/A-1’ Ratings for Zephyr Power Limited with Stable Outlook

PTCL Group Reports 14% Revenue Growth in Q1 Amid Expanding Digital Services

Foodpanda and CIRCLE Partner to Boost Women Entrepreneurs in Pakistan’s Culinary Industry

Zong Business Partners with China Gezhouba Construction Management Services to Enhance Digital Operations

Exchange Rates Experience Minor Fluctuations in Pakistan’s Currency Market

Telenor Microfinance Bank Reports PKR 1.2 Billion Pre-tax Profit in 2023, Secures Digital Retail Bank License

Fly Jinnah Launches Islamabad-Muscat Route, Expands International Service

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

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JS Securities Limited – JS Market Wrap (October 10, 2022)

October 10, 2022

Karachi, October 10, 2022 (PPI-OT): View from the desk

Bulls made a comeback leading the KSE-100 index to close at the 42,212 level, up by 126 points compared to Friday’s session. Traded volume stood at 240mn shares where WTL (1.9%), PAEL (7.4%), TRG (5.1%), UNITY (3.4%) and LOTCHEM (7.3%) were the highest contributors. Investor interest was witnessed in Technology and Cement Sector. JS Securities Limited recommends investors to avail any downside as an opportunity to buy in the Cement, Banking and E and P sectors.