JS Securities Limited - JS Market Wrap (January 12, 2022)

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JS Securities Limited – JS Market Wrap (January 12, 2022)

January 12, 2022

Karachi, January 12, 2022 (PPI-OT): View from the desk

KSE100 saw another volatile session and closed at 45,916, gaining 35 points DoD. Major laggards were TRG, MCB, NESTLE, SYS and LUCK while major volume leaders for the day were WTL (+4.1%), UNITYR3 (+5.6%), HASCOL (+2.7%), CNERGY (+2.1%) and TELE (+0.7%). We believe Index can take a short-term correction from current levels and recommend a buy on dips strategy in the Technology, Fertilizer, Banking and cyclical sector stocks.