Karachi, May 26, 2022 (PPI-OT): View from the desk

Despite opening negative on IMF talks closing inconclusive. However, positive sentiments took charge as territory of oversold region attracted investors for fresh buying. Market closed at 42,542 points (+529 points). Traded volumes stood at 347mn shares with PRL, CNERGY, TELE, GGL and TPLP among the volume leaders today. Going forward, we expect the index to further move upward and touch 43k. Cement, Technology and Banking stocks look attractive to buy.