Karachi, September 22, 2022 (PPI-OT): View from the desk

Bearish spell continued for the fourth consecutive session this week due to political noise and rupee depreciation. KSE100 index moved between 569 points and touched a high and low of 40,987 and 40,418, respectively to eventually close the day at 40,928, down 38 points DOD. Volumes during the day stood at 190mn shares where WTL (0%), CNERGY (-1.2%), TRG (5.0%), KEL (2.8%) and SILK (-0.9%) were the major contributors. We recommend investors to stay cautious at current levels and wait for dips for any fresh buying.