RSL Securities Limited – Market Today

Karachi, July 04, 2013 (PPI-OT): On Wednesday market opened in a positive trend and faced pressure near the level of 21,800 points.

According to RSL Securities Limited the highest level of the market was at 21,828.53 points from there market showed a declining trend and took support near the level of 21,636.07 points. Market again recovered its self and it gained the previous levels.
Closing of the market was at 21,802.86 points about a gain of 158.69 points. Volumes were 238 million shares. Today market looks to have a positive trend. The resistance should be near the level of 22,000 points.


MARKET HIGHLIGHTS:
KSE-100 Index Volume           164,803,510 
KSE-100 Index                    21,802.86 
Net Change                          158.69 
Gainers                                202
Losers                                105
Equal                                   35
Total                                  342

TOP FIVE VOLUME LEADERS
SCRIPS   PRICE     ∆ IN PRICE     VOLUME
PTC      23.84       0.58       26,383,000 
FCCL     14.46       0.20       21,773,500 
TRG      10.73       0.52       12,618,500 
MLCF     23.94       0.59        9,306,500 
SNGP     22.61       1.07        8,468,000 

TOP FIVE FUTURE SCRIPS VOLUMEWISE
SCRIPS     PRICE    ∆ IN PRICE  NO. OF CONT.
C PTC-JUL  24.02    0.62         12,013 
FCCL-JUL   14.57    0.20         10,820 
ENGRO-JUL 139.83    6.65          6,838 
PPL-JUL   229.29   10.99          5,320 
PSO-JUL   327.74    3.13          4,481 

FIPI                Gross Buy         Gross Sell      Net Buy/(Sell)
3-Jul              1,031,901,112     (555,609,548)       476,291,563 
July 1 to Date     2,710,439,459   (1,754,637,444)       955,802,013 
Jun-13            17,123,861,557  (13,023,244,261)     4,100,617,290 
Jan 1 to Date    113,246,624,197  (71,973,537,879)    41,273,086,291 

Any consensus on timeframe and initial power units benchmark for elimination of power sector subsidies would help ink the fresh International Monetary Fund (IMF) loan programme, ranging between $5.25 billion to $5.5 billion.

The Ministry of Finance on Wednesday hinted at positive outcome at the conclusion of Pak-IMF policy-level talks scheduled to conclude today (Thursday). (DT)

The European Union (EU) on Wednesday assured Pakistan of cooperation in the social sector specially in areas of rural development, education, human resource management, national resource management, governance and trade.

EU Ambassador Lars-Gunnar Wig mark called on Finance Minister Ishaq Dar at his office and discussed with him a wide range of issues aimed at further strengthening economic relations between Pakistan and the EU. (DT)

High borrowing by the government from all banks is nibbling away at the credit availability to the private sector, which is giving rise to the possibility of a further prolonged deficit, analysts said on Wednesday.

As per the data released by State Bank of Pakistan (SBP), total credit off take by both scheduled banks and SBP, increased by 19 percent or Rs 1,475 billion on yearly basis to reach Rs 9,139 billion in May 2013. (DT)

A 30-member trade delegation of the RCCI led by its President Manzar Khurshid Sheikh has left for England to partake in First RCCI Single Country ‘Made in Pakistan Expo Manchester’, London.

After organising 13 single country Made in Pakistan Expos in SAARC states; RCCI for the first time from its own resources is stepping ahead towards Europe to capture trade markets of United Kingdom. (DT)