Investors likely to remain cautious as IMF sixth review for the release of US$1bn tranche has been delayed further to Feb 4 from Jan 28 on Pakistan’s requests to fulfill the pre-conditions, primarily the passing of SBP Amendment Bill from the Senate.

We think the market would really once clarity emerges on IMF front and would advise accumulation on any dips in Cements (PIOC, LUCK, MLCF, DGKC), Tech (SYS, OCTOPUS), Textile (GATM, ILP), Power (KAPCO, HUBCO) and Chemicals (EPCL).

Courtesy – IMS Research