JS Securities Limited - JS Market Wrap (September 28, 2021)

FLASHNEWS:

Karachi Chamber of Commerce Honors Mayor with Crest During Visit

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Karachi Announces Shop Relocation Plan for Market Affectees

JazzCash Delivers PKR 2 Billion in Aid to Flood-Hit Families in Sindh

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JS Securities Limited – JS Market Wrap (September 28, 2021)

September 28, 2021

Karachi, September 28, 2021 (PPI-OT): View from the desk

Bulls pulled the KSE100 to an intraday high of +477 points with participation seen across the board. After 7 sessions in the red, the index eventually closed positive at 45,275 level, up 457 points. Traded volume stood at 365mn shares where TELE (7.5%), BYCO (11.8%), WTL (5.4%), NCL (0.3%) and UNITY (7.1%) were the volume leaders today. Going forward, we recommend investors to adopt buy on dip strategy in Banks, E and Ps, and Textiles.