Karachi, September 20, 2022 (PPI-OT): View from the desk

Market remained range bound today mainly due to lack of positive triggers. KSE-100 index closed at 41,221, losing 300 points DOD. Volumes stood at 157mn shares where KEL (-2.6%), TPLP (1.5%), TRG (-3.1%), WTL (-0.9%) and EPCL (3.0%) were the top contributors. Going forward, we expect range-bound activity to continue and recommend investors to stay cautious.