Karachi, December 10, 2021 (PPI-OT): View from the desk

Bourse remained under pressure throughout the day due to lack of positive triggers, while investors continued to book profit. KSE 100 closed at the level of 43,396, losing 123 points DoD. Healthy participation was witnessed in TRG after its material information regarding the allocation of liquid assets was shared by the company. Traded volume stood at 179mn shares with TRG (+1.5%), TREET (-0.7%), WTL (-5.5%), HASCOL (-2.5%) and TPLP (-7.0%) being the highest contributors. Going forward, we expect range-bound activity to continue and recommend investors to avail any downside as an opportunity to buy in the Banking and E and P sectors.