Karachi, October 17, 2022 (PPI-OT): View from the desk

Market opened on a lackluster note with concerns over the local and international political scenario. Total traded volume clocked in at 144mn shares where WTL (-2.5%), DCL (-0.7%), LOTCHEM (-0.5%), HASCOL (-2.0%) and TRG (-2.5%) were the major contributors. Going forward, we expect market to further deteriorate over macro-economic concerns and the geopolitical situation. We therefore recommend investors to avail a cautious approach.