JS Securities Limited - JS Market Wrap (December 30, 2021)

FLASHNEWS:

VIS Issues Initial Ratings for Service Sales Corporation with Stable Outlook

FBR to Increase Property Taxes for Non-Filers in Revenue Push

CDA Expands Services in Islamabad with Extended Hours and New Information Desks

Sindh CM Directs Acceleration of Malir Expressway Project Amid Delays

CDA Considers Direct Contracting for Major Housing Project in Islamabad

Brokerage

JS Securities Limited – JS Market Wrap (December 30, 2021)

December 30, 2021

Karachi, December 30, 2021 (PPI-OT): View from the desk

Bulls made a comeback today as the market made an intraday high of 44,590 points. The index eventually closed at the level of 44,416, gaining 156 points DoD. Traded volumes stood at 243mn shares where KEL (0.9%), TREET (3.0%), TRG (3.2%), CNERGY (-3.3%) and PRL (2.1%) cumulatively contributed 33% to the total volumes. Going forward, we recommend investors to avail any downside as an opportunity to buy in Banking, E and P and Cement sectors.