JS Securities Limited - JS Market Wrap (July 01, 2022)

FLASHNEWS:

K-Electric Seeks NEPRA Approval for Fuel Charge Adjustments

Exchange Rates Show Minor Fluctuations

Karachi Stock Exchange Sees Sharp Declines Amid Profit-Taking

KSE-100 Demonstrates Volatility but Closes with Significant Gains

KSE-100 Index Sees Bullish Momentum, Potential for Further Gains

Brokerage

JS Securities Limited – JS Market Wrap (July 01, 2022)

July 1, 2022

Karachi, July 01, 2022 (PPI-OT): View from the desk

KSE-100 index closed at 41,630 gaining 89 points DoD. Traded volume stood at 154mn shares where AGL (1.7%), ANL (5.1%), GTECH (2.4%), TPLP (0.2%) and HUMNL (-4.2%) were the major contributors. Going forward, we recommend to adopt a buy-on-dip strategy in the Banking and E and P sectors.