JS Securities Limited - JS Market Wrap (September 16, 2022)

FLASHNEWS:

NEPRA Approves K-Electric’s $2 Billion Investment Plan Through 2030

MCB Bank Announces 90% Interim Dividend for First Quarter

Prime Minister Shehbaz Sharif Takes Immediate Action on Karachi Business Community Concerns

Indonesia-Pakistan Trade Needs Boost, Says Consul General in Karachi

PCJCCI Outlines Plan to Revitalize Peach Industry in Swat

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JS Securities Limited – JS Market Wrap (September 16, 2022)

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.