KSE POSITION:
KSE floor is major reason for price discovery mechanism. KSE board members unanimously
voted for current floor. The measures discussed between the SBP Governor, Ministry of Finance and the KSE are in our view likely to prove inadequate to drive upside in the
market. Likewise, a near term inflection point signaling a worthwhile entry point is
also not yet visible. For investors seeking exposure to the market we suggest only PPL and HUBCO.
Friday, October 3, 2008
KSE POSITION:
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