Research Analyst on 08/12/2009 (Karachi Stock Exchage)

Market would show rangebound activities and index can further lose 200-300 points as there is uncertainty over the National Reconciliation Ordinance issue, lack of institutional activity due to year-end and limited foreign interest due to holidays ahead. Therefore investors are suggested to wait for the market to come down to 8700-8800 levels then invest in stocks in banking, oil and fertilizer sectors with dividend yield and price appreciation. Good corporate results would support the market. Market performance would stay weak today.