JS Securities Limited - JS Market Wrap (November 10, 2021)

FLASHNEWS:

LDA Plans Upgrades for Lahore’s Katchi Abadis to Enhance Living Conditions

LDA to Auction Prime Commercial Plots in Lahore’s Finance and Trade Central

DHA Quetta to Hold Sector A6 Ballot on May 18, Offers Instalment Relief

Karachi Administration Orders Evacuation of Decaying Buildings for Public Safety

Faisalabad Electric Supply Company Promotes 18 Junior Engineers to Senior Positions

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JS Securities Limited – JS Market Wrap (November 10, 2021)

November 10, 2021

Karachi, November 10, 2021 (PPI-OT): View from the desk

In today’s trading session, market got a positive feeler on clarification from Finance Ministry regarding the ongoing IMF program and ADB’s assistance of USD 10bn to be provided to Pakistan. During the day, market briefly declined to 46,427 when Supreme Court summoned Prime Minister on APS case hearing, however the KSE-100 closed up 230 points. Total traded volume stood at 320mn shares with FNEL (-8.5%), SERF (-5.8%), GGL (-1.8%), TELE (+1.6%) and TPLP (+7.0%) being the highest contributors to volume. Going forward, market is likely to keep its trend on a range bound activity until any trigger makes a direction for the index.