Market and Index Review-MARKET TODAY – RSL Securities Limited

Karachi, July 19, 2013 (PPI-OT): On Wednesday market opened in a positive trend.

According to RSL Securities Limited the highest level of the market was at 23,320.5 points but market was unable to sustain the 23,300 points and it faced a downward side trend. Market entered into the negative side and it showed its lowest level at 22,928.81 points.

Market could not maintain the level of 23,000 points and it finally closed at the level of 22,994.72 points about a decline of 166.17 points. Volumes were 232 million shares.

Today market looks to have a mixed and consolidated trend. The resistance is near the level of 23,100 points and support near the level of 22,850 points.

MARKET HIGHLIGHTS:

KSE-100 Index Volume    160,494,200 
KSE-100 Index             22,994.72 
Net Change                 (166.17) 
Gainers                        107
Lossers                        208
Equal                           38
Total                          353

TOP FIVE VOLUME LEADERS
SCRIPS   PRICE    ∆ IN PRICE     VOLUME
NBP      55.55       0.52       21,965,000 
PIAA      8.46      (0.36)      21,003,500 
PTC      25.08      (0.42)      18,481,000 
MLCF     25.92       0.58       13,538,000 
JSCL     13.13       0.45        9,653,500 

TOP FIVE FUTURE SCRIPS VOLUMEWISE
SCRIPS     PRICE    ∆ IN PRICE    NO. OF CONT.
PTC-JUL    25.23      (0.56)        11,263 
NBP-JUL    55.80       0.49         10,682 
ENGRO-JUL 168.51      (8.86)         4,180 
DGKC-JUL   91.17      (1.85)         2,956 
NCL-JUL    65.03       0.79          2,797 

FIPI                 Gross Buy        Gross Sell    Net Buy/(Sell)
17-Jul              408,121,252     (527,806,888)    (119,685,635) 
July 1 to Date   10,595,745,229   (8,743,057,259)    1,852,687,964 
Jun-13           17,123,861,557  (13,023,244,261)    4,100,617,290 
Jan 1 to Date   121,131,929,967  (78,961,957,694)   42,169,972,242 

Daily News Summary

The government has allocated Rs 825 million for industrial sector of the country for the year 2013-14 and has set industrial sector growth rate target at 4.8 percent as a whole, for manufacturing sector 4.5 percent, while 4.0 percent and 8.2 percent growth rates have been fixed for Large-scale Manufacturing (LSM) and Small and Medium Enterprises (SMEs), respectively.

All Pakistan Compressed Natural Gas Association (APCNGA) on Thursday suggested government that implementation of ban on natural gas-fired generators would reduce crisis by 30 percent while action against industrialists who were illegally generating electricity through natural gas and selling it.

Sales of imported used cars declined by 18 percent to 45,842 units in financial year (FY) 2012-13 versus 56,093 units recorded in FY 2011-12 due to change in regulatory measures. Sales data of used imported cars available with Shajar Capital revealed that major imports were witnessed in cars up to 1000cc and cars ranging between 1301 to 1500cc.

State Bank of Pakistan Governor Yaseen Anwar has said concerted efforts are required for enhancing the depth and breadth of Islamic banking industry while launching the Mass Media Campaign for Promotion of Islamic banking on Thursday.

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