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)