Karachi, December 01, 2021 (PPI-OT): View from the desk

Benchmark index started the month on a good note. Investor interest was seen in blue-chip stocks, which were trading on deep discount. The KSE100 Index touched a high of 45,460 and closed at 45,369, up 297 points. Traded volume stood at 241mn shares with FFL (0.4%), TPLP (1.5%), MLCF (1.8%), TRG (1.4%), and WTL (3.3%) being the highest contributors to volume. On the economic front, CPI witnessed an increase of 11.53 percent on a YoY basis in November 2021. Going forward, we recommend investors to adopt a buy on dips strategy in Banks, Fertilizers, and Cement sectors.