Experts expect the market to remain range bound in the upcoming week. Keeping in view concerns over inflation, devaluation of Pak Rupee against greenback and current account deficit, investors are expected to have a cautious approach. Moreover, with the ongoing result season, certain sectors and scrips are expected to stay under limelight. Our preferred stocks are HTL, EPCL, PSO, OGDC, HUBC, HBL, FFC, LUCK, ACPL, ENGRO, UBL, SNGP, and NML. The KSE-100 is currently trading at a PER of 5.8x (2021) compared to Asia Pac regional average of 14.5x while offering a dividend yield of ~7.8% versus ~2.2% offered by the region.

Courtesy – AHL Research