Karachi, August 22, 2022 (PPI-OT): View from the desk

Investors preferred to book profit today as bourse remained under pressure throughout the day due to lack of positive triggers and rising political temperature. KSE100 index closed at 42,827, losing 444 points DoD. Traded volume stood at 195mn shares where PRL (-3.5%), KEL (-2.3%), WTL (-5.5%), CNERGY (-3.3%) and UNITY (-3.5%) were the highest contributors. Going forward, we recommend investors to avail any downside as an opportunity to buy in the Tech, E and P and Cement sectors.