We expect the market to remain in the green zone, given hopes of loan disbursement from IMF once the Executive Board approves.

Moreover, with the ongoing result season, certain sectors and scrips are expected to stay under the limelight given the anticipation of robust results.

Our preferred stocks are OGDC, PPL, MARI, MCB, FABL, MEBL, BAFL, LUCK, MLCF, FCCL, ENGRO, FFC, HUBC, and PSO, HUMNL and SNGP.

The KSE-100 is currently trading at a PER of 4.3x (2022) compared to the Asia Pac regional average of 12.5x while offering a dividend yield of ~8.9% versus ~2.8%.

Courtesy – AHL Research