Karachi, August 24, 2022 (PPI-OT): View from the desk

A roller-coaster ride was witnessed in today’s trading session. The index eventually closed at 43,338, losing 29 points DoD. Total volume traded was recorded at 256mn shares where HASCOL (-1.7%), KEL (1.5%), PIAA (8.3%), BAFL (1.1%) and TPLP (0.2%) were the major contributors. We recommend investors to adopt a buy-on-dips strategy in Tech, E and P and Cement sectors.