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.

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.

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.

Market Overview:
Last week market behavior was quite surprising for investors as they were bit shy of buying in front of budget announcement, the foreign investor’s interest declined while the mutual fund shows some aggressive buying in last sessions. The local investors were confused with the market move.

The reports of launching of new products drive the market with excitement; Launch of this product is widely believed to increase liquidity and boost volumes in the stock market, but on the other side CGT is the biggest threat for volumes and daily traders. For last two weeks lot of selling observed from medium term investors in Karachi Stock Exchange.

Market Overview:
Volatility activities witnessed in Karachi Stock Exchange today, market began with breaking our given stop loss of 9,315 from there lot of selling observed taking market to its low of 9,164 points straight. Thereafter the market got strong support and some enthusiastic buying observed in specific scrips which gave a quick recovery to the index.

Market once again closed with bearish candle, though sign of recoveries and buying pressure reflected in today’s candle. Local traders overwhelmingly participated in OGDC ride, the recovery was based on few scrips, we had same kind of move in last week which energized the local traders and later on they booked their losses.

Market Overview:
Once again market disregarded the recovery of last session and plunged by 195 negative points with very low volumes, I do not see any room for complain here, as it was clearly mentioned in our morning call that no sign of upside move can be seen on charts. In fact the bearish trend is more stable than before despite of recent recoveries.

Today market began with low interest of investors, most of the traders were in selling, and even the OGDC the price winner of Friday wasn’t able to attract the investors. Investors were feared of SC proceedings with the other existing threats, investors are on wait and see strategy, and they are not planning any buying before budget, as analysts predicting more pressure before and after budget. Political analysts not sure of anything right now, ruling party losing control on most of the administrative department, as they are only focused on SC proceedings. New developments in local and global politics can bring some breaking news.

Congrats on your great trading day!

Hi Everybody,

I really like to congratulate you guys for having great trading today, I got tons of calls and emails regarding the analysis report I posted last night on different forums and websites. I just like to add one thing here, as per my trading experience most losses occur right after the jackpots, so please make sure you are equipped with your stop losses and you are firm on your trading strategies.