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People who collect shares in the violent drop were well rewarded today. They had some gains on day before yesterday and handsomely rewarded today.
Internal factors
* March quarter results are better than expected
* Valuations wise 80% of the companies are attractive though some sectors may not perform well in the
near future
* Short term bond rates were dropped today and key policy rates were kept at the same rates by CBSL last Friday and lot of analysts expect policy rates to be relax in next monetary board meeting
* Rupee is relatively steady
* TFC deal to be reversed in next two days
External Factors
* Oil prices are dropped by almost 10% within a month and now at 4% below 2011 May prices
* Though Europe is in crisis, rupee depreciation may offset any pressure on exports
Rumors
* SF Release
* Relax credit policy from SEC (Brokers say talks are successful)
* Some news about a unity government
* New announcement from GREG
So after couple of weeks we are having more positive news than negative ones.
Will this momentum continue? Let’s hope so.
Whatever it may come, cheers for the brave hearts who earned a handsome return in last three days. Hope this rally to continue for several days more to enable others also to benefit.
Internal factors
* March quarter results are better than expected
* Valuations wise 80% of the companies are attractive though some sectors may not perform well in the
near future
* Short term bond rates were dropped today and key policy rates were kept at the same rates by CBSL last Friday and lot of analysts expect policy rates to be relax in next monetary board meeting
* Rupee is relatively steady
* TFC deal to be reversed in next two days
External Factors
* Oil prices are dropped by almost 10% within a month and now at 4% below 2011 May prices
* Though Europe is in crisis, rupee depreciation may offset any pressure on exports
Rumors
* SF Release
* Relax credit policy from SEC (Brokers say talks are successful)
* Some news about a unity government
* New announcement from GREG
So after couple of weeks we are having more positive news than negative ones.
Will this momentum continue? Let’s hope so.
Whatever it may come, cheers for the brave hearts who earned a handsome return in last three days. Hope this rally to continue for several days more to enable others also to benefit.
normally market rise after dumb money sold,and again they buying when mkt moves 
