Karachi, November 03, 2021 (PPI-OT): View from the desk

Mixed sentiment was observed today as investors opted for profit-booking from the start of the session, especially in the Cement and Steel sectors, but renewed buying interest in technology sector was also visible. KSE100 managed to keep itself above the 47,000 level throughout the whole session. Today, PTC took the lead in volumes on the announcement of EOGM for election of directors. Total traded volume stood at 380mn shares with PTC (10.2%), HASCOL (3.6%), WTL (0.8%), TRG (5.4%), and TPLP (7.5%) being the highest contributors to volume. It is recommended for investors to book profits at current level and wait for buying opportunity.