Karachi, November 25, 2021 (PPI-OT): View from the desk

Today’s market saw continuation of selling pressure from previous sessions. Foreign selling kept the market under pressure which led the index to decline by 428 points to close at the level of 43,936. Total traded volumes remained thin and were recorded at 195mn shares with TPLP (0.8%), BYCO (1.9%) and HUBC (-3.1%) being the volume leaders. We believe market participants now keep an eye out for announcements on the economic side, where it is expected that the inflation reading for November will set the direction for the index going forward.