Karachi, April 11, 2022 (PPI-OT): View from the desk

Benchmark Index saw a buoyant day today closing above the psychological barrier of 46,000 amid political clarity over the weekend. KSE-100 closed at 46,145, gaining 1,700 points compared to previous trading session. Total traded volume stood at 557mn shares where WTL (23%), CNERGY (15%), FCCL (4.4%), HUMNL (9.1%) and PIBTL (17%) were the highest contributors. More than 25 stocks hit their upper circuit during the day where LUCK, HUBC, HBL, MEBL and TRG contributed almost 387 points to the index. Rupee also gained against the dollar with PKR/USD closing at 183.3 in the interbank. Going forward, we recommend investors to book profits on the higher side as the market approaches 46,500 to 47,000.