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JS Securities Limited – JS Market Wrap (February 28, 2022)

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Karachi, February 28, 2022 (PPI-OT): View from the desk

After a week of range bound sessions, bulls made a comeback today and market closed in the green at 44,461, gaining 477 points over Friday’s close. Traded volumes stood at 208mn shares where AGL (+20.8%), TPLP (+7.5%), FLYNGR1 (-9.2%), WTL (+6.4%) and GGL (+6.7%) cumulatively contributed ~30% to the total volumes. Interest was witnessed in AGL (+20.8%) on the back of material information shared last week regarding its potential acquisition. Going forward, market is expected to remain range bound, where we believe trend will depend mainly on key macro prints.

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