Karachi, September 09, 2022 (PPI-OT): View from the desk

Market remained positive throughout the day closing at 41,948, gaining 123 points DoD. Traded volume stood at 147mn shares where TRG (4.6%), KAPCO (1.4%), EFERT (0.7%), MLCF (-0.2%) and FCCL (-0.1%) were the volume leaders. Going forward, macro prints and flood related estimates will be key in determining market’s direction. We advise investors to stay cautious and capitalize on profitable positions.