Karachi, November 16, 2021 (PPI-OT): View from the desk

Market witnessed dull volume in today’s trading session as it seems that investors are keenly looking forward for IMF approval, where the delay in IMF program is making the market indecisive and directionless. We believe once the IMF program resumes, the market will shift to a positive trajectory. KSE100 Index closed at 45,736 down 13 points. Total traded volume stood at 173mn shares with HASCOL (10.9%), GGL (3.2%), WTL (2.1%), UNITY (-5.5%) and BYCO (1.7%) being the highest contributors to volume. Market awaits any positive news flow from local politics and economic front which will likely uplift index towards the north direction.