JS Securities Limited - JS Market Wrap (January 10, 2022)

FLASHNEWS:

LDA Plans Upgrades for Lahore’s Katchi Abadis to Enhance Living Conditions

LDA to Auction Prime Commercial Plots in Lahore’s Finance and Trade Central

DHA Quetta to Hold Sector A6 Ballot on May 18, Offers Instalment Relief

Karachi Administration Orders Evacuation of Decaying Buildings for Public Safety

Faisalabad Electric Supply Company Promotes 18 Junior Engineers to Senior Positions

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JS Securities Limited – JS Market Wrap (January 10, 2022)

January 10, 2022

Karachi, January 10, 2022 (PPI-OT): View from the desk

KSE-100 closed in the green zone at 45,888, a DoD gain of 542 points. Major positive contributors to the index were HUBC, PSEL, MCB, TRG and HBL. Whereas, major volume leaders were WTL (1.8%), HUMNL (4.2%), TRG (3.2%), TELE (-0.7%) and TREET (4.6%). HUBC announced its board meeting to consider entitlement of dividend for shareholders which kept the stock in limelight today. Going forward, market may undergo a short-term correction and a buy on dips strategy is advised in the Technology, Fertilizer, Banking and Cyclical Sector Stocks.