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JS Securities Limited – JS Market Wrap (September 23, 2022)

Karachi, September 23, 2022 (PPI-OT): View from the desk

Market opened on a positive note and gained 200 points initially but due to lack of positive triggers investors eventually resorted to profit taking. KSE100 index closed the day at 40,620, losing 308 points DOD. Traded volume stood at 165mn shares where HASCOL, (-4.7%), TRG (-1.4%), KEL (-4.4%), CNERGY (-1.0%) and WTL (-1.8%) were the major contributors. Going forward, we recommend investors to adopt a buy-on-dips strategy in the Banking, E and P and Cement sectors.

js-securities-limited-js-market-wrap-september-23-2022

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