Farhan Mansuri, Arif Habib
Market is expected to remain in
congestion phase. SECP tightening screws of brokers would keep market in flux.
Furthermore rumors related to result of panama scandal case was also take its
toll on market. If these issues get resolved market would enhance leaps and
bound. Triggers for positivity would be corporate result, inclusion of
Pakistani companies in MSCI index as well as increase of foreign inflow due
MSCI inclusion. Today market may witness intra-day correction. Any correction
would be an opportunity to buy on lower rates.