JS Securities Limited - JS Market Wrap (December 31, 2021)

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Brokerage

JS Securities Limited – JS Market Wrap (December 31, 2021)

December 31, 2021

Karachi, December 31, 2021 (PPI-OT): View from the desk

Bulls and bears battled throughout the day on the last trading session of 2021. The index closed at 44,596, an increase of 180 points DoD. Total traded volume jumped by 31% DoD to 318mn shares. WTL (0.5%), CNERGY (2.3%), TRG (-5.7%), PRL (4.8%) and KEL (-0.3%) were volume leaders today. Going forward, we recommend investors to adopt a buy on dip strategy to invest in Banking, Steel and Textile sectors.