Research Analyst on 22/12/2009 (Karachi Stock Exchage)

With strong fundamentals, market is giving support at 9,000 levels despite the current grim law and order situation and political chaos. Moving forward, as soon as clarity arrives on the political front immediate positive activities can hit the market in coming weeks. Therefore investors are advised that in the case of decline they can invest in fundamentally strong stocks of banking, oil marketing and fertiliser sectors and then wait for January-end because market would have achieved good levels by then. Approval of IMF tranche, good economic outlook and improving political situation can provide support to the market. Supreme Court's judgment on different petitions would also play a vital role in setting the direction of the market.