Research Analyst on 18/11/2009 (Karachi Stock Exchage)

Short-term is shrewd: Though market fundamentals are strong but due to the security issues overall market outlook is negative where index could come down to 8,700 levels in the short term. Therefore any resolution of the war in South Waziristan would result in a rebound in the market while decline in cut-off yield in today's auction would also trigger the market. Investors are advised to invest in low beta stocks, i.e. HUBC. Market would perform better today in anticipation of decline in cut-off yield.