Expect the market to trade in a range as investors are cautious over upcoming monetary policy on 14th December, where expectations are building up for an interest rate hike of 50-100bps. On the economic front, trade deficit for 5MFY22 widens to US$19.45bn up by 68.6% yoy.

Moreover, OMCs will shine today as the ECC approved enhancement of 71 paisas in the existing margin of OMCs for motor spirit and HSD, whereas, 99 paisas for dealers’ margin for petrol and 83 paisas for HSD.

We would continue to build up inventory in dividend yielding stocks like UBL, MCB, BAFL, POL, FFC, ENGRO at current levels while gradually accumulate Tech (SYS), Textile (NML, ILP), Power (KAPCO, HUBCO ), Chemicals (EPCL) and OMC (PSO).

Courtesy – IMS Research