Morning Call 23^rd June, 2010

Develop the future vision for

KarachiStock Exchange

Market Outlook:

Once again limited activities witnessed in Karachi Stock Exchange, initial hype of the market credited to the amended finance bill 2010 from FBR. Continuation in foreign buying wasn’t able to attract the local investors. FIPI alone contributed USD$9,237,023 in just this week. Analysts foreseeing foreign investment positive for market.

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.

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:
Fun continues in Karachi Stock Exchange, most of the investors are not convinced of on going excitement, but following the trend is the key to success. Market began with the remaining energy of bulls in the beginning some pressure observed but not that important as the volumes were real low in the beginning, and thereafter bulls started dancing all over and all day long by adding 122 points to index. Mutual funds were observed in buying and foreigners still not attracted by the rally. The reports of launching of new products filled the excitement; Margin Financing approved by law ministry, notification regarding the matter is expected to be issued within the next couple of days. Launch of this product is widely believed to increase liquidity and boost volumes at the stock market.

Market Overview:
WOW! Market totally disregarded the fears today by adding 204 points to the index, from the beginning bulls were in total control of the market not allowing bears to enter in the ring. The reports of launching of new products in the stock market prompted investors to take new positions. The market turnover was recorded at 110 million shares. Oil and Banking sectors were initiated the move along with the fertilizers and Cement, but in the middle of day most of the scrips joined the rally.