Morning Market Brief 16th January 2019

Trading Expectation:
Foreign investors continue to be dominant in the market which is expected to hold with trading in the main index counters holding onto the buying side. There are trades by a few local funds and we expect more local funds to come in as the quarter unfolds. However, without pressure from either sides of trading, we expect the prices to relatively hold at current levels till the end of the week. We anticipate the market to continue the current steady but slow uptrend that has been the case for the past week on the back of moderate foreign demand.

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by Genghis Research