Market Direction
Posted on the August 28th, 2012 under Analysts View by LOLC Securities 
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…In our last report (Market Direction – 14.02.2012) we mentioned the attractiveness of the valuations of the counters due to rapid fall in prices. We still maintain our position on the attractive investments of the counters listed in the market. This may sound counter intuitive as external factors have changed considerably since early part of the year. The interest rates have increased considerably (TB 364 day interest yield has increased from 9.99% in 17.02.12 to 13.27% in 23.08.12); inflation is picking up rapidly, recording 9.8% for July 2012; Exports have slowed down (2.2% drop for the first six months compared 2011); Rupee has devalued considerably…
