Karachi, September 02, 2022 (PPI-OT): View from the desk

KSE-100 index observed range-bound activity today and closed at 42,309, losing 151 points DoD. Total traded volume stood at 160mn shares where WTL (-1.6%), FLYNG (1.4%), SILK (4.2%), CNERGY (-2.6%) and PAEL (1.0%) were the major contributors. Going forward, we recommend investors to remain cautious and avail any downside as a buying opportunity in blue chip stocks.