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JS Securities Limited – JS Market Wrap (October 27, 2021)

Karachi, October 27, 2021 (PPI-OT): View from the desk

KSE 100 witnessed another lackluster day yesterday. Market activity remained dull due to lack of participation as no clarity emerged on engagements with IMF. Index closed at 45,256 down 162 points. Major volume leaders were HUMNL (2.1%), GGL (0.8%), LOTCHEM (0.3%), UNITY (-0.4%), BYCO (-0.4%) and TELE (1.6%) while total traded volume was 163mn shares. Results of ASTL, ISL, MARI and NESTLE were announced yesterday with EPS of Rs2.36, Rs6.13, Rs68.21 and Rs72.98 respectively. Investors are advised to avail major dips in the market to build their long-term portfolios.