JS Securities Limited - JS Market Wrap (November 01, 2021)

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JS Securities Limited – JS Market Wrap (November 01, 2021)

November 1, 2021

Karachi, November 01, 2021 (PPI-OT): View from the desk

KSE100 started with a positive note and continued to keep the momentum intact throughout the whole trading session. Market showed stellar performance on account of developing news over the weekend on recommencement of IMF talks and finalization of Saudi support package. Cement and Steel sector remained in limelight on the back of increase in product prices. Total traded volume stood at 430mn shares with WTL (3.8%), BYCO (6.3%), HUMNL (0.4%), MLCF (3.8%), and TELE (2.6%) being the highest contributors to volume. Going forward, we recommend investors to accumulate bluechip stocks on dips as market continues to recover.