JS Securities Limited - JS Market Wrap (January 21, 2022)

FLASHNEWS:

DHA Quetta launches relief initiative for Sector A6 residents

Exchange Rates Fluctuate Marginally in Karachi

GIS Mapping for Lahore Revamping Programme Set to Complete This Week

Zindigi, Sindh Govt, Mastercard, and People Bus Service Introduce First Open Loop Transit Solution in Karachi

KSE100 Index Sees Notable Gains as Market Optimism Grows

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JS Securities Limited – JS Market Wrap (January 21, 2022)

January 21, 2022

Karachi, January 21, 2022 (PPI-OT): View from the desk

Market had a positive momentum today on back of news related to upward revision of GDP growth rate and rebasing measures by PBS. KSE-100 closed the week at 45,018 level, gaining 192 points DoD. Among major index movers today were TRG, MARI, BAHL, UBL and ABL whereas major volume leaders were TRG, JSCL, WTL, CNERGY and GGL. Going forward, monetary policy announcement and future rollover next week are key events to look out for therefore a cautious approach is advised.