Karachi, August 31, 2022 (PPI-OT): View from the desk

The bourse witnessed range bound activity today where KSE100 moved between a band of 393 points closing in at the 42,351 level, gaining 156 points DoD. Volumes dropped to 181mn shares witnessing a decline of 24% DoD. KEL (-2.4%), UNITY (2.9%), EPCL (6.6%), FCCL (4.1%) and WTL (0%) were among the top volume leaders during the day. Moving forward, JS Securities Limited expects range bound activity to continue in the coming sessions on account of rising political temperature and losses due to floods. Hence, JS Securities Limited recommends investors to avail any downside as an opportunity to buy in Banks and E and P sectors.