Karachi, January 05, 2022 (PPI-OT): View from the desk

Benchmark Index managed to close in green at the 45,408 level, gaining 17 points DoD. Major volume leaders today were WTL (+8.8%), UNITYR3 (+53.4%), TELE (+3.8%), FNEL (+2.1%) and TRG (+0.2%). TELE announced material information regarding its wholly owned subsidiary, Supernet, getting a major optical fibre supply project from a Pakistani Mobile Network provider, which kept the share in limelight today. Going forward, any correction in the market should be used as an opportunity to accumulate Technology, Oil and Gas Exploration, Banking and Cyclical stocks.