JS Securities Limited - JS Market Wrap (16-08-2022)

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JS Securities Limited – JS Market Wrap (16-08-2022)

August 16, 2022

Karachi, August 16, 2022 (PPI-OT): View from the desk

After two consecutive bullish sessions KSE100 witnessed a volatile session today closing at the level of 43,436, losing 185 points DoD. Traded volumes stood at 518mn shares where CNERGY (-3.0%), FFL (2.5%), UNITY (2.7%), PRL (-3.4%) and HASCOL (17%) cumulatively contributed 33% to the total volumes. Going forward, IMF board’s approval will remain a key driving force for the market. We recommend investors to adopt a buy-on-dips strategy in the Tech, E and P and Cement sectors.