JS Securities Limited - JS Market Wrap (January 07, 2022)

FLASHNEWS:

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JS Securities Limited – JS Market Wrap (January 07, 2022)

January 7, 2022

Karachi, January 07, 2022 (PPI-OT): View from the desk

Benchmark Index closed in the green zone today at the 45,346 level, gaining 263 points DoD. Today’s session however, witnessed dull trading volumes with 242mn shares traded. Top 3 volume leaders were TELE (6.8%), WTL (0.9%) and TRG (-7.5%). We believe, upcoming corporate result announcements will further strengthen the positive momentum whereas any downside in the market will pave an opportunity for buying.