Market in flux By: Farhan Mansuri - Articles Detail
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By: Farhan Mansuri

Farhan Mansuri, Arif Habib Limited

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.