Arif Habib Limited
Market will remain depressed in the coming days due to flood concerns, unavailability of leverage product, end of results season, and increase in interest rates. Therefore correction will continue and index might come down to 9,600 points. Investors should be cautious and invest at 9,700 levels across the board in all the sectors particularly E&P, cement, energy and fertiliser. The attractive valuations will trigger the market. Market will remain lackluster today with low volumes due to Ramadan.