Market and Index Review- Market Today – RSL Securities Limited
Karachi, July 05, 2013 (PPI-OT): On Thursday the opening of the market was on positive side. The first resistance was seen near the level of 21,900 points.
According to RSL Securities Limited after that market saw a gradual and continuous rise. The highest level of the market was at 22,110.42 points. By the mid of the session market saw some profit taking and it finally closed at the level of 21,966.96 points about a gain of 164.10 points.
Volumes in the market were 318 million shares. Today market looks to have a mixed and consolidated trend. The resistance is near the level of 2,100 points and support near the level of 21,850 points.
MARKET HIGHLIGHTS: KSE-100 Index Volume 188,326,570 KSE-100 Index 21,966.96 Net Change 164.10 Gainers 194 Lossers 139 Equal 38 Total 371 TOP FIVE VOLUME LEADERS SCRIPS PRICE ∆ IN PRICE VOLUME MDTL 4.49 1.00 23,333,000 PTC 23.90 0.06 20,830,500 MLCF 24.42 0.48 16,765,500 FCCL 14.40 (0.06) 13,136,000 KESC 7.09 0.30 12,327,500 TOP FIVE FUTURE SCRIPS VOLUMEWISE SCRIPS PRICE ∆ IN PRICE NO. OF CONT. ENGRO-JUL 143.59 3.76 8,402 FCCL-JUL 14.51 (0.06) 6,681 PTC-JUL 24.10 0.08 6,187 DGKC-JUL 89.01 0.57 4,564 NBP-JUL 44.24 1.25 4,485 FIPI Gross Buy Gross Sell Net Buy/(Sell) 4-Jul 860,081,392 (1,033,542,599) (173,461,207) July 1to Date 3,570,520,851 (2,788,180,043) 782,340,806 Jun-13 17,123,861,557 (13,023,244,261) 4,100,617,290 Jan 1 to Date 114,106,705,589 (73,007,080,478) 41,099,625,084
Daily News Summary
Local gold consumers are being deprived of the ‘feasibility’ to capitalise on around Rs 16,000 decline in yellow metal prices during the last two months due to the impact of decline in the rupee’s value against the dollar. (DT)
All Pakistan Compressed Natural Gas Association (APCNGA) on Thursday said Oil and Gas Regulatory Authority (OGRA) has become part of a well-orchestrated conspiracy against the CNG sector and it has issued illegal show-cause notices to over 1,000 CNG operators to get their stance for business on current location before cancellation of their licences. (DT)
The Securities and Exchange Commission of Pakistan (SECP) registered 366 new limited liability companies in June, bringing the total corporate portfolio of 61,990 companies. In the corresponding month, last year, 364 companies were registered.
The SECP continued its efforts to promote corporatisation in the country, through various seminars with all stakeholders, awareness campaigns and facilitation extended including provision of fast track registration services. (DT)
In order to improve the present situation at operational level of Pakistan Railways (PR), the revenue position will have to be made better for which a New Carriage Freight Plan is inevitable, said Federal Minister for PR Khuwaja Saad Rafique. (DT)