JS Securities Limited - JS Market Wrap (January 28, 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

Brokerage

JS Securities Limited – JS Market Wrap (January 28, 2022)

January 28, 2022

Karachi, January 28, 2022 (PPI-OT): View from the desk

Benchmark index touched an intraday high of 45,312 before finally closing flat at 45,078 points DoD. Total traded volume stood at 259mn shares with HUMNL (2.3%), WTL (1.4%), GGL (5.8%), TRG (1.4%) and EFERT (0.7%) being the highest contributors. The main laggards were LUCK, COLG, SYS, MCB and OGDC. Going forward, we recommend investors to wait for any fresh buying positions until the market gets some positive triggers.