Research Analyst on 03/12/2009 (Karachi Stock Exchage)

Lacklustre trading activities are likely to prevail in short term where the main index would move between 8,700 and 9,300 levels till any major development takes place. Investors are suggested to adopt 'Buy on dips' strategy where they can invest in banking and textile sectors. Arrival of IMF loan tranche and major success in Operation Rah-e-Nijat could trigger the market in short term. Market would be rangebound today.