JS Securities Limited - JS Market Wrap (March 11, 2022)

FLASHNEWS:

LDA Plans Upgrades for Lahore’s Katchi Abadis to Enhance Living Conditions

LDA to Auction Prime Commercial Plots in Lahore’s Finance and Trade Central

DHA Quetta to Hold Sector A6 Ballot on May 18, Offers Instalment Relief

Karachi Administration Orders Evacuation of Decaying Buildings for Public Safety

Faisalabad Electric Supply Company Promotes 18 Junior Engineers to Senior Positions

Brokerage

JS Securities Limited – JS Market Wrap (March 11, 2022)

March 11, 2022

Karachi, March 11, 2022 (PPI-OT): View from the desk

Profit-taking continued across the board as benchmark index closed at 43,653, down 200 points DoD. Market opened in the green zone and touched an intraday high of 43,966 points but was unable to break through the intraday resistance of 44,000 points. Traded volume stood at 150mn shares where TPLP (-5.3%), TPL (0.3%), UNITY (-4.3%), WTL (0%) and MLCF (0.8%) were the highest contributors. Going forward, we recommend investors to avail any downside as an opportunity to buy in the construction and export-oriented sectors.