Karachi, May 16, 2022 (PPI-OT): View from the desk

Selling pressure continued across the board throughout the day. Market however, sustained the psychological support level of 42,000 and closed at 42,667, down 819 points compared to the previous trading session. Traded volume stood at 250mn shares where LOTCHEM, PRL, CNERGY, TELE and WTL were the volume leaders. Going forward, we recommend investors to adopt a cautious approach.