Research Analyst on 19/11/2009 (Karachi Stock Exchage)

All the fundamentals of the market are positive whether it is hope of reduction in interest rates on Nov 24, launch of margin financing product, above expectation results of December-end by oil and banking sectors or inflow from IMF and FoDP. But the only thing that is hurting the market is political instability that is why investors are reluctant from aggressive buying and in the coming days would prefer to book profits. However, once the political situation is controlled, we would see a sharp recovery of 25-30 per cent in the market; but in the short-term it would be rangebound. Therefore investors are advised to invest with a 2-month timeline, focusing on December ending results build portfolio in oil-related sectors and in 1st tier banks. However they should avoid intraday short-term trading.