JS Securities Limited - JS Market Wrap (April 04, 2022)

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JS Securities Limited – JS Market Wrap (April 04, 2022)

April 4, 2022

Karachi, April 04, 2022 (PPI-OT): View from the desk

Benchmark index witnessed a bloodbath today amid developing political turmoil and closed at 43,902, down 1,250 points DoD. Major laggards today were LUCK, HBL, PSO, TRG and MEBL. Total volume traded for the day was recorded at 170mn shares where TELE, KEL, TPLP, GGL and WTL were the top contributors. Going forward, we expect the ongoing political uncertainty to keep investor sentiments dampened. A buy on dips strategy is advised in value stocks.