JS Securities Limited - JS Market Wrap (31-03-2022)

FLASHNEWS:

KSE100 Index Sees Notable Gains as Market Optimism Grows

KSE100 Index Experiences Correction After Recent Highs

FFBL Reports Strong First Quarter Turnaround, Plans Expansion in Product Line

Currency Fluctuations Observed in Pakistan’s Foreign Exchange Market

KSE-100 Index Faces Volatility, Approaching Critical Support Levels

Brokerage

JS Securities Limited – JS Market Wrap (31-03-2022)

March 31, 2022

Karachi, March 31, 2022 (PPI-OT): View from the desk

Uptrend continued in the market today. KSE100 index closed at the 44,929 level, gaining 591 points DoD. Traded volumes stood at 415mn shares where KEL (1.0%), TREET (6.9%), TELE (7.6%), GGL (6.5%) and AGL (7.1%) cumulatively contributed ~39% to the total volumes. Going forward, we expect the volatile activity to continue and recommend investors to avail any downside as an opportunity to buy in the Cement and Steel sectors.