JS Securities Limited – JS Market Wrap (September 16, 2022)
Karachi, September 16, 2022 (PPI-OT): View from the desk
Market remained range bound today mainly due to lack of positive triggers. Index closed at 41,679, losing 93 points DoD. Total volume traded for the day was recorded at 219mn shares where TRG (6.1%), HASCOL (7.8%), WTL (0.8%), KEL (2.2%) and KAPCO (-2.3%) 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.