Outlook:

Keeping in view the recent attack at Kabul airport and USA’s reaction, the uncertainty regarding Afghanistan has magnified and may cause rippling effect on the local bourse. The market underwent a lack lustre week, the depreciating PKR and increased current account deficit outlook did not help either. The book building process of Air Link Communication Limited will take place next week, which may create investor interest in the market.

We recommend investors to view any dip as an opportunity to accumulate scrips in the Banks, Fertilizers, Autos, Steel and Cement sectors.

Courtesy – BMA Capital Management Ltd.