JS Securities Limited - JS Market Wrap (January 13, 2022)

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JS Securities Limited – JS Market Wrap (January 13, 2022)

January 13, 2022

Karachi, January 13, 2022 (PPI-OT): View from the desk

Bourse remained under pressure throughout the day due to lack of positive triggers. Profit taking was witnessed across the board and the benchmark Index closed at 45,673, down by 153 points DoD. Traded volume stood at 328mn shares with CNERGY (6.3%), WTL (0%), HASCOL (2.9%), TRG (-31%) and MDTL (6.9%) being the highest contributors. Going forward, we recommend investors to avail any downside as an opportunity for buying in the Technology, Fertilizer and cyclical sector stocks.