JS Securities Limited - JS Market Wrap (28-06-2022)

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JS Securities Limited – JS Market Wrap (28-06-2022)

June 28, 2022

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

The market could not sustain the positive momentum from yesterday and lost 113 points to close at 41,765. Total traded volume stood at 257mn shares where KEL (1.3%), WTL (-2.8%), UNITY (-1.0%), CNERGY (-1.8%) and PRL (-1.4%) were the highest contributors. Going forward, investors are recommended to stay cautious and adopt a buy-on-dip strategy in the Banking and E and P sectors.