JS Securities Limited - JS Market Wrap (May 10, 2022)

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JS Securities Limited – JS Market Wrap (May 10, 2022)

May 10, 2022

Karachi, May 10, 2022 (PPI-OT): View from the desk

Bourse witnessed range bound activity today. KSE-100 index closed at 43,504, gaining 111 points DoD. Traded volume stood at 234 mn shares where CNERGY (+2.3%), PRL (+0.1%), PIBTL (+2.0%), LOTCHEM (-0.9%) and TELE (-0.9%) were volume leaders. Going forward, we expect range bound activity to continue and recommend investors to avail any downside as an opportunity to buy in the Cement and Textile sectors for short term trades.