Karachi, October 07, 2022 (PPI-OT): View from the desk

Profit taking was witnessed today taking the benchmark KSE100 to close at 42,085, losing 75 points DoD. Traded volume stood at 313mn shares where WTL (0.6%), TELE (3.5%), TOMCL (3.6%), LOTCHEM (1.3%) and KAPCO (3.0%) were the highest contributors. Going forward, we recommend investors to avail any downside as an opportunity to buy in the construction and export-oriented sectors.