Karachi, November 04, 2021 (PPI-OT): View from the desk

With the Pak Rupee continuing to strengthen against US$, KSE100 index kept cheering in the green zone. Technology sector was in the limelight with TRG, NETSOL, WTL and TELE keeping the investor interest intact. Total traded volume stood at 562mn shares with WTL (9.0%), BYCO (4.3%), TELE (5.7%), FNEL (10.2%) and ANL (7.5%) being the highest contributors to volume. Going forward, we believe the market is keeping a cautious approach with anticipation of hike in DR in the upcoming monetary policy. It is recommended for investors to keep booking profits as any dip could be a buying opportunity.