JS Securities Limited - JS Market Wrap (July 15, 2022)

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JS Securities Limited – JS Market Wrap (July 15, 2022)

July 15, 2022

Karachi, July 15, 2022 (PPI-OT): View from the desk

Market opened on a positive note, however was unable to sustain the level on back of noise on the political front. Index closed at 42,075, down 274 points DoD. Traded volume stood at 140mn shares where PAEL (0%), UNITY (-1.8%), SNGP (-0.9%), WTL (-0.7%) and CNERGY (-2.9%) were the major contributors. Going forward, investors are recommended to stay cautious and adopt a buy-on-dips strategy.