KARACHI: Market is likely to be positive today over hike in urea prices as fertilizer stock is expected to continue the rally. Investors are bullish about the sector owing to high dividend expectations and seem to be less concerned about gas curtailment to the sector.
Furthermore, Market expectations are also that the State Bank of Pakistan (SBP) would further cut policy rate boosted investors interest even Pakistan's first quarter consumer price index (CPI) inflation stood at 11.47 percent which has bought the positive momentum in the market.
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