With major shifts underway, we advocate for building positions
in APL, with the company having a strong balance sheet and steady pace of growth (devoid of any event-based developments, neutral to policy reforms or clearances) providing an attractive mix of defensive and growth credentials.
Though we expect markets to continue the uptrend after Eid holidays, it is natural to see some profit taking and so we advise clients to let the share price consolidate before further building positions
. Investors also need to be selective their picks and buy (high quality companies) on dips," Vrajesh Bhandari, senior portfolio manager with Al Mal Capital told Gulf News.
KARACHI -- In anticipation of a market support fund, stock investors began building positions
which saw the benchmark KSE-100 index close in the green for the second consecutive session on Tuesday gaining 191.56 points (0.58 per cent) to settle at 33,442.10.
The analyst notes that while the company offers longer-term benefits from its "radical transformation from nearly a pure wind construction play into other specialized construction verticals", new investors may be wary of building positions
in a "newly public, micro-cap industry participant with greater financial leverage".
Selling pressure in PAEL seems to have subsided and investors are again taking interest in building positions
, brokers said.
'We advise investors to take advantage of the current weakness in value plays and recommend building positions
,' the analyst added.
If she really wants to show that she is building positions
of firm principle on the shifting sands of international diplomacy?
"Funds are building positions
in frontline stocks ahead of the exit polls." The Sensex has climbed 17 per cent since September 13 when the BJP named Modi as its prime minister candidate.
Chief executive of Foster Wheeler, Kent Masters, said: "Both companies have strategies that are highly focused on growth, and our combination will help deliver on Foster Wheeler's key strategic objectives: establishing material positions in upstream and minerals and metals, building positions
in growth geographies and extending our services offering.
Pricewaterhouse Coopers estimate 5,800 high street posts and a further 5,700 building positions
have gone since spring 2010.
"The MSCI decision will be viewed as disappointing news, especially among retail investors who were building positions
ahead of an expected rally.