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

Profit taking continued across the board, where the benchmark KSE100 closed at 42,756, down 322 points DoD. Traded volumes stood at 194mn shares where SILK (-0.7%), UNITY ((2.1%), GGL (-1.6%), PRL (-1.3%) and FFL (-0.9%) were the highest contributors. Going forward, we recommend investors to avail any downside as an opportunity to buy in the Banking and Fertilizer sectors.