Morning Call 28^th June, 2010

Market Outlook:

Once again credit goes to OGDC! Great efforts by OGDC and few more scrips for balancing the index today in Karachi Stock Exchange, the whole week recorded with positive closing but investors still not convinced of entry, as Volumes declined by 32.71%WoW, on the other hand the index gained 1.57% on WoW basis.

Morning Call 24^th June, 2010

Develop the future vision for

KarachiStock Exchange

Market Outlook:

Shrinking volumes noticed in Karachi Stock Exchange, market moving in a very narrow band, wasn’t succeeded in testing 9,800 levels, only foreign buyers activities observed, local investors still not convinced of any participation, that’s true market has absorbed most of the CGT issue, and sooner or later the investor will manage to face the FBR also.

Continuation in foreign buying wasn’t able to attract the local investors. FIPI alone contributed USD$14,626,965 in just this week.

MorningCall22^nd June, 2010

Market Outlook:

Limited activities witnesses in Karachi Stock Exchange today, all day the big fishes found in catching small fishes, and it was clearly reflected in positive figures of foreign and local institutions. Intraday traders remained sideliner and the local investors decided to get out of the game as they are feared of the CGT implications.

MorningCallfor 21^st June, 2010

Market Summary

Despite of so many positive points market remained volatile throughout the week, the market move was more followed by the developments in ongoing meetings, buying mostly witnessed from institutions whereas the local investors were only convinced of selling, the last session recorded a free fall from the week high indicating further pressure.

MorningCall18^th June, 2010

Market Outlook:

Despite of depressive start dancing bulls observed in Karachi Stock Exchange today.

Oops! Unexpected rally today, all day investors found in asking reasons for this amazing bull ride, in fact massive buying witnessed in foreign investors portfolio. Local institutions and investors were feared of so many positive points resulting in profit taking. As per the market gurus “it is wise to follow the trend instead of expecting trend to follow us”.

Let me know where to go

Market Outlook:

Not much happened today, as market witnessed in dull and indecisive activities, though in the beginning market bounced from its previous negative closing, but bull were not been able to sustain, and right from our resistance level market bow down towards its support.

The activities today reflecting the remaining hopes of traders and investors, but the ongoing pressure already disregarded the major supports.

Currently traders are focused on meeting with NA standing committee.

Fear of budget related measures are still threatening the investors, which is clearly indicated in volumes and it is also noticed that, despite of the discounted price most of the blue chip companies were not been able to attract the investors.

Future Outlook:

As forecasted earlier market witnessed the early bounced drove mainly by the OIL sector, and see how the index get back in red numbers, in fact market lost the momentum, disregarding the major supports in the area, and last but not the least market is completely out of its main channel, now market has to find new channel for direction.

MorningCall15^th June, 2010

Market Outlook:

WOW! What a scary start today, the very first trade throws the bulls out of the ring and thereafter all day dancing bears witnessed in Karachi Stock Exchange.

Market closed with 9,230 by losing 230 points, the volumes were low, and as usual the blue chip companies were not been able to participate actively. Once again the low price shares have the major stake in this meager volume.

Market is giving one more chance!

Market Outlook:

After the scary session of Thursday, today market began with the positive figures and remained positive, and managed to add 91 points to the index. Volumes were too low today with only 67.8 million shares and out of these 68% participation from the lower price shares, blue chip remained silent as they were all week, few companies from fertilizer and cement sector were actively traded but all other companies were silent today.

Morning Call 11th June, 2010

Market Outlook:
Heavy selling pressure witnessed in Karachi Stock Exchange today, Market is under heavy pressure of budget interpretation.
Foreign investors still playing a silent role in the market, today Mutual fund observed in profit taking, as they were in buying for last few sessions. Lot of fear witnessed in Karachi Stock Exchange today.

Market Overview:
Investors enter in Stock Market with lot of fear today, and that was accurately reflected in their pre-open limits and the market opening shot, but right from there, bulls strongly disregarded the fear and some quick buying witnessed, most of the buying was observed from the mutual funds while foreigners remained silent and played the role of spectator.

Bull run was first resisted around 9,684 – 9,671, and from there bulls made a non-stop ride, the 9,827 was able to stop the rally, pushing them back but bulls were still able to trade above 9,760 in remaining session which ensures the left over energy in bulls.