Time to concentrate back in market;

1- testing Saudi-Pak relation has reached to climax. Pakistan has arranged funds to amortise Saudi loan. The gap will be bridged by Chinese, but Pakistan authorities hopeful to redeem lost IMF program. 1/n

This is first time ever Pakistan has decided to move ahead without Saudi support, indicates government confidence 2/n

2- PDM concluded its last Jalsa at Lahore. The speculation relating to resignations, long-March deferment till February, deferment of Senate elections have lost momentum. PDM, seems to hit political dead end for now. While Political noise is expected to tame 3/n

3- Along with exchange rate, inflation slope has hit the kink led by fast downwards moving key commodities and vegetable prices. Manufacturing index is continuing its robustness, all indicating macros are experiencing best time now & ahead 4/n

There are enough evidences plus December Quarter is about to close in 15 days, will provide opportunity to market incorporate all positives. Re-rating is long due so does return of foreign investments. 5/n

There are some hints we get at Tangent Capital that foreigner is all set to re-enter PSX sooner than expected also.

From- Muzzammil’s Desk (Tangent Capital Advisors) 6/6