Karachi, September 27, 2021 (PPI-OT): View from the desk

Downtrend continued today as selling pressure was witnessed across the board. Market rebounded from the low of 44,341 points eventually closing in red at the level of 44,818 points. Traded volume stood at 301mn shares with UNITY (-3.5%), WTL (-3.8%), BYCO (-7.3%), HUMNL (2.3%) and BAFL (-0.3%) being the volume leaders today. Going forward, we recommend investors to adopt a buy-on dip strategy in Banking, Steel and Textile sectors.