Karachi, June 02, 2022 (PPI-OT): View from the desk

KSE-100 Index witnessed a bearish session today and closed at 42,238, losing 518 points DoD. Total traded volume for the day stood at 157mn shares. Major laggards for the day were THALL (-7.5%), COLG (-4.5%), AVN (-4.3%), INIL (-4.2%) and BNWM (-4.1%). Going forward, we recommend investors to stay cautious and avail any downside as a buying opportunity in the Banking sector.