JS Securities Limited - View from the Desk April 17, 2023

FLASHNEWS:

Government May Cut Petrol Prices in Response to Increased Smuggling and Decreased Demand

OPPO Launches A60 in Pakistan, Opens Pre-Orders for Its Durable New Smartphone

Mauritius High Commissioner Advocates Karachi as Gateway to African Markets

FPCCI Calls for Immediate Reopening of Chaman Border to Ease Trade Disruptions

Saudia Group Unveils Comprehensive Plan for Hajj Season 2024

Brokerage

JS Securities Limited – View from the Desk April 17, 2023

April 17, 2023

Karachi, April 17, 2023 (PPI-OT):Bourse witnessed range bound activity today and KSE-100 closed at 40,247, gaining 41 points versus previous trading session. Traded volume stood at 95mn shares where WTL (-0.9%), PABC (7.5%), TELE (0.8%), EPCL (-3.3%) and LOTCHEM (2.9%) were the volume leaders. Going forward, we expect the range bound activity to continue and recommend investors to avail any downside as an opportunity to buy in the Cement and Textile sectors.