Market Outlook (Dhiyan)

First day of week witnessed Intraday surge of more than 15% activity in volumes in KSE-100 index and solid addition of 189.34 points. Individual investors opted to book profit fearing an awaited correction and changed hand with foreign operated portfolio accounts and institutions as well finding valuation during corporate announcements and anticipating better investment environments. Leading players also took the opportunity of picking stocks in dip generating activities in their associated stocks. Euphoria generated is expected to persist in next session also with scrip wise correction to go on concurrently. With cat out of bag in nbp during the day will add momentum to market in case of better earnings and payout. Fertilizer stocks coupled with oil will still be focus of investors for activities alongside of selective picking in banks to continue with throwing sentiments equally with no valuations in sector. Investors are advised to invest in fundamentally good stocks with a horizon of term investment. Placing of precisely worked out stop loss with all holdings will be a wise option now