Market and Index Review- MARKET TODAY – RSL Securities Limited

Karachi, September 24, 2013 (PPI-OT): On Monday the first day of the week market opened in a positive direction.

According to RSL Securities Limited the highest level of the market was at 23,681.13 points. But market failed to sustain the 23,600 points level. Some consolidation was seen near the level of 23,580 points.

Market again tried to achieve the previous level but again it was forced by the bear s to come down. After the mid of the session market showed a negative trend and the lowest level was 23,516.08 points. Near the end of the session market again showed a positive trend. It finally closed at the level of 23,639.97 points about a gain of 44.36 points. Volumes were 150 million shares.

Today market looks to have a positive trend. The resistance is near the level of 23,800 points and support near the level of 23,550 points.

MARKET HIGHLIGHTS:

KSE-100 Index Volume     64,605,050 
KSE-100 Index             23,639.97 
Net Change                    44.36 
Gainers                         171
Losers                         156
Equal                            44
Total                           371

TOP FIVE VOLUME LEADERS
SCRIPS            PRICE     IN PRICE      VOLUME
TELE               6.30        0.61        28,256,000 
WTL                2.95       (0.13)       10,586,000 
NBP               56.06        1.45         9,308,000 
CML                4.41        0.39         6,179,500 
BOP               12.73       (0.02)        5,030,500 

TOP FIVE FUTURE SCRIPS VOLUMEWISE
SCRIPS          PRICE          IN PRICE       NO. OF CONT.
NBP-SEP         56.16            1.43             7,045 
NBP-OCT         56.53            1.80             3,524 
ENGRO-SEP      150.12           (1.04)            3,302 
BOP-SEP         12.73           (0.05)            2,600 
DGKC-SEP        78.46           (0.29)            2,176 

FIPI                  Gross Buy              Gross Sell             Net Buy/(Sell)
23-Sep               225,972,483           (215,007,080)               10,965,402 
Sep 1 to Date      8,536,844,258         (7,753,609,670)              783,234,583 
Aug-13            13,586,102,649        (10,836,967,085)            2,749,135,559 
Jan 1 to Date    150,556,358,813       (118,187,957,850)           32,368,400,922 

Daily News Summary

The telecom operators have shown serious reservations over the burden put on them by the government of Pakistan of about Rs 3.0 billion, which is an anticipated set-up cost of the newly designed SIMs biometric verification and activation system, Daily Times learnt on Monday.

DICODA has developed a Multi IMS SIM platform that will enable Pakistani mobile companies to offer an amazing service to their clients (end-users). Now when one travels abroad one will be able to keep the Pakistani SIM in the handset and on arrival in a new country automatically get a local number. Any calls or SMS to your Pakistan mobile number will be delivered to you no matter which country you are in and whichever number you are using.

The Sui Southern Gas Company (SSGC) is facing great difficulties in recovering its dues from large gas consumers such as Karachi Electric Supply Company (KESC), Pakistan Steel Mills (PSM) and others, which is negatively affecting the gas utility’s overall performance.

Food group exports from the country during first two months of current financial year swelled by 10.17 percent and reached at $682.712 million as compared to the same period of last year. During the period from July-August 2013 different food commodities worth $682.712 million were exported, which were recorded at $619.96 million in same period of last year, said the data of Pakistan Bureau of Statistics.

The post Market and Index Review- MARKET TODAY – RSL Securities Limited appeared first on AsiaNet-Pakistan.

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