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.