Brokerage

JS Securities Limited – JS Market Wrap (December 27, 2021)

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Karachi, December 27, 2021 (PPI-OT): View from the desk

Profit-taking continued across the board over rising concerns regarding resumption of the IMF program and announcement of the mini-budget. KSE-100 closed at the level of 43,913, losing 205 points DoD. Market volumes remained depressed with total traded volume clocking at 115mn shares where CNERGY (0.3%), TRG (-4.6%), UNITY (-3.0%), TELE (-4.0%) and HUMNL (-2.4%) accounted for ~29% of the total volume. Going forward, we expect this range-bound activity to continue and recommend investors to avail any downward movement as an opportunity to buy in Cement and Textile sectors.

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