JS Securities Limited - JS Market Wrap (December 17, 2021)

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JS Securities Limited – JS Market Wrap (December 17, 2021)

December 17, 2021

Karachi, December 17, 2021 (PPI-OT): View from the desk

Bourse witnessed range-bound activity today. KSE-100 touched a high and low of 44,004 and 43,556 levels, respectively. Total value traded dropped to Rs8,041mn, a decline of 20% DoD. Traded volume stood at 252mn shares with WTL (-2.7%), HUMNL (5.3%), TELE (-0.6%), TRG (-1.3%) and BYCO (-0.8%) among the volume leaders. Going forward, we expect range-bound activity to continue in coming sessions. JS Securities Limited recommends investors to avail any downside as an opportunity to buy in the Cement and Steel sectors.