JS Securities Limited - JS Market Wrap (August 11, 2022)

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JS Securities Limited – JS Market Wrap (August 11, 2022)

August 11, 2022

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

KSE100 witnessed a volatile session today but eventually closed at 42,243, losing 252 points DoD. Profit taking was witnessed across the board today. Major contributors to the traded volume of 282mn shares were UNITY (+1.6%), KEL (+1.3%), WTL (-2.3%), CNERGY (-1.5%) and GGL (+2.2%). Going forward, we recommend investors to stay cautious at current levels and wait for any fresh buying.