JS Securities Limited - JS Market Wrap (April 01, 2022)

FLASHNEWS:

LDA Plans Upgrades for Lahore’s Katchi Abadis to Enhance Living Conditions

LDA to Auction Prime Commercial Plots in Lahore’s Finance and Trade Central

DHA Quetta to Hold Sector A6 Ballot on May 18, Offers Instalment Relief

Karachi Administration Orders Evacuation of Decaying Buildings for Public Safety

Faisalabad Electric Supply Company Promotes 18 Junior Engineers to Senior Positions

Brokerage

JS Securities Limited – JS Market Wrap (April 01, 2022)

April 1, 2022

Karachi, April 01, 2022 (PPI-OT): View from the desk

A rollercoaster ride was seen in today’s trading session due to the rising political temperature in the country. Healthy participation was however witnessed. Total volume traded for the day was recorded at 389mn shares where TELE (1.8%), TPLP (3.1%), TREET (1.4%), GGL (0.5%) and CNERGY (2.1%) were the top contributors. Market made a high and low of 45,396 and 44,655, respectively to close at the level of 45,152, up 223 points DoD. Going forward, we recommend investors to avail any downside as an opportunity to buy in the Cement, Banking, Tech and Textile sectors.