FLASHNEWS:

JS Securities Limited – JS Market Wrap (September 15, 2022)

Karachi, September 15, 2022 (PPI-OT): View from the desk

Volatility continued throughout the day due to lack of positive triggers and rising political temperature. Index made an intraday high and low of 42,311 and 41,725, respectively to close at 41,772, losing 240 points DoD. Total volume traded for the day was recorded at 260mn shares where TRG (7.1%), WTL (-1.7%), TPLP (2.1%), FABL (1.9%) and KEL (-1.3%) were the top contributors. Going forward, we recommend investors to adopt a buy-on-dips strategy in the Banking, E and P and Textile sectors.