Market and Index Review-Market Today-RSL Securities Limited
Karachi, July 08, 2013 (PPI-OT): On Friday market again opened in a positive side.
According to RSL Securities Limited the first pressure was seen near the level of 22,075 points. From there market saw a gradual increase and it touched the level of 22,242.23 points.
By the mid of the session market saw a consolidation near the level of 22,180 points and it closed at the level of 22,178.34 points about a gain of 211.38 points. Volumes were 355 million shares.
Today market looks to have a positive trend. The resistance should be near the level of 22,325 points.
KSE-100 Index Volume 221,985,410 KSE-100 Index 22,178.34 Net Change 211.38 Gainers 208 Lossers 114 Equal 31 Total 353 TOP FIVE VOLUME LEADERS SCRIPS PRICE ? IN PRICE VOLUME KESC 7.90 0.81 70,372,500 PTC 25.07 1.17 25,132,500 IGIBL 2.63 0.71 16,943,000 MDTL 4.71 0.22 16,751,000 NBP 45.44 1.47 14,043,000 TOP FIVE FUTURE SCRIPS VOLUMEWISE SCRIPS PRICE ? IN PRICE NO. OF CONT. PTC-JUL 25.24 1.20 10,916 NBP-JUL 45.76 1.66 7,315 FCCL-JUL 14.37 (0.11) 3,826 PPL-JUL 230.39 2.47 3,408 EFOODS-JUL 149.05 0.94 3,390 FIPI Gross Buy Gross Sell Net Buy/(Sell) 5-Jul 505,607,754 (587,454,460) (81,846,706) July 1 to Date 4,076,128,605 (3,375,634,503) 700,494,100 Jun-13 17,123,861,557 (13,023,244,261) 4,100,617,290 Jan 1 to Date 114,612,313,343 (73,594,534,938) 41,017,778,378
Daily News Summary
Prime Minister Nawaz Sharif on Sunday asked a prominent Chinese company to provide suggestions and assistance in curbing power line losses, theft and pilferage in Pakistan. The Prime Minister who arrived here this morning during the third phase of his five-day official visit, held a meeting with the president of China Southern Power Grid (CSG) Zhao Jianguo.
Prime Minister Nawaz Sharif on Sunday said that he would set up a ‘China Cell’ in his office, tasked with supervision of all the development projects to be executed with the Chinese cooperation in Pakistan. He said the Cell would be of specific nature, overseeing and pursuing the execution of such development projects to steer the country out of the present issues.
Pakistan is expecting to receive about $5 billion from multilateral lenders in six months following a deal with the International Monetary Fund (IMF) and from UAE’s Etisalat on account of privatisation proceeds of Pakistan Telecommunication Company Limited (PTCL).
Federal Information Minister Pervez Rasheed said on Saturday that no electricity load-shedding would take place during Sehri, Iftar and Tarawih prayer timings in the month of Ramadan and predicted that the government would bring the price of electricity to Rs 10 per unit within three years, Dawn News reported.