Karachi, March 09, 2022 (PPI-OT): View from the desk

Positive momentum was witnessed today in the market but political uncertainty kept participation low. The index closed at 43,043, gaining 165 points DoD. Major contribution to the traded volume of 184mn shares was from GGL (-2.1%), PIBTL (-3.9%), TPLP (-7.5%), TELE (-3.6%) and TPL (-9.5%). Going forward, we expect range bound activity to continue over concerns on the economy and the geopolitical situation. We recommend investors to avail any downside as an opportunity to buy in the Banking and E and P sectors.