Karachi, October 18, 2022 (PPI-OT): View from the desk

KSE-100 witnessed range bound activity today moving between 252 points touching a high of 42,007 and closing in at 41,839 points. Investor participation remained low where volumes during the day stood at 190mn shares. Top contributors were WTL (1.3%), FNEL (20%), SNGP (6.9%), PRL (-1.5%) and DCL (1.6%). Moving forward, any upside will face resistance and hence further range bound sessions can be witnessed. JS Securities Limited recommends Investors to stay cautious at current levels and wait for dips.