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

Benchmark index witnessed lackluster activity today. Market activity remained dull due to the start of rollover week with KSE100 closing at 45,418, down 160 points. Major contribution to total market volume of 166mn shares came from HUMNL (-0.3%), WTL (0%), BOP (-0.2%), GGL (0.8%) and TRG (0%). Negative contributors to the index today were MEBL, LUCK, HBL, MLCF and ENGRO. On the result front FFBL and DGKC announced their result today with EPS of Rs1.76 and Rs2.07, respectively. Going forward, investors are advised to buy blue-chip stocks on dips.