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)

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