Karachi, April 08, 2022 (PPI-OT): View from the desk

Bulls remained in charge today as benchmark KSE100 index closed at 44,444, gaining 658 points DoD. A total of 228mn shares were traded where TELE (4.5%), GGL (6.7%), TREET (5.1%), CNERGY (2.2%) and TPLP (6.0%) were the volume leaders. Commercial banks stayed in the limelight today because of rate hike announced by SBP in an emergency meeting. Going forward, we recommend investors to book profits on the higher side.