The local bourse went for one of its brutal thrashing since Sep’13 (-2.48% at the event of 50bps inc. in MPS) as it throttled down 2.20% to 29,648 levels. The battering was led by the heated up political environment in the country where PTI’s march on Independence Day coupled with mourning week announced by PAT had brought investors to expect situations to worsen from here. Volumes clocked in at a moderate level, normalizing at 224mn shares on the first working day post Ramadan. CPI for Jul’14 dialing at 7.88% with no surprises stored in. Investors seem to outweigh the political saga in the country over the result season at present. We however highlight dividend players coming back to attractive yields as an opportunity to invest in safe bets.
Posted on: Tue, 05 Aug 2014 07:32:04 +0000
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