A gain of 268 points on ASPI , just post budjet. ” Mkt is in a real Christmas mood” momentum should carry it to touch 12000 point mark . Yesterday’s reaction may have been due to the headline news of cabinet , IMF , and depreciation of Rupee . Mkt is speculating on CBSL offer to expat remittances getting an additional 10 rupees for conversations , hence eventually the official rate for $ also going to same level .
Export sector started getting active gains seen on Hayleys the largest single $ earning listed corporate and ofcourse the centurion EXPO now up Rs 150 since November.
Mkt will further consolidate for a possible breakout with the release of corporate results starting mid January.
