JS Securities Limited - JS Market Wrap (April 05, 2022)

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JS Securities Limited – JS Market Wrap (April 05, 2022)

April 5, 2022

Karachi, April 05, 2022 (PPI-OT): View from the desk

Profit taking continued across the board today but the benchmark index managed to close in the green at 43,928, up 26 points DoD. Despite market opening in the green zone and touching an intraday high of +388 points, it was unable to sustain the momentum owing to the selling pressure. Traded volume stood at 115mn shares where TELE (2.5%), TPLP (-2.0%), EPCL (7.5%), GGL (-1.4%) and WTL (0.6%) were the top contributors. Going forward, we recommend investors to stay cautious. A buy on dips strategy is advised in value stocks.