Karachi, June 23, 2022 (PPI-OT): View from the desk
The index continued with the positive trend as it touched an intraday high of 42,983 level but eventually settled to close at 42,717, gaining 259 points DoD. Total traded volume increased to 348mn shares compared to 266mn shares traded yesterday where CNERGY (4.0%), PRL (3.0%), KEL (7.1%), UNITY (-1.3%) and TPLP (-2.3%) were the major contributors. Going forward, we recommend investors to stay cautious and avail the current upside as a selling opportunity.