Investment in Pakistani Stock Market

Don’t worry about the judges issues; Nation is capable of handling these continuous hurdles in country’s growth
Weekly Forecast for the
3rd Week of Feb 2010

Hopes begin in
Karachi Stock Exchange
Market is nothing but the daring adventure

By
Khalid Saifuddin
Friday, 12th February, 2010

KSE-100:
Traders started breathing sigh of relief after a struggling week in Karachi Stock Exchange and than we got SC and Presidency conflict right in front of market. But don’t worry fellow citizens we are capable of handling these issues since 1947.
The whole week recorded with range bound activities with the mixed sentiments of the scrips as mentioned in last week report. But eventually market recorded some encouraging activities in last two days of the week. Volumes rose by 41% with 0.03% gain in index. Under the prevailing lack luster activities no panic selling is observed from the local or foreign institutions, though the local traders were shy of getting in to the market.
Trading above 9,842 from the beginning of the coming week will strengthen the bull’s confidence. Sustained 9,800 level is giving the hopes for testing 10,000 again.
The smaller scrips were still noticed the most vibrant participant of the market, and it may bring the blue chip back into the ring.

The whole week market was around 9,815 which was also mentioned as major resistance in last week report.

Allhumdollialh the incoming foreign remittances and upcoming BOD of banking sector will trigger the market positively, Oil sector will still perform the volatile role, Cement sector will get into the volume leaders next week.

Key Levels
10,149
10,010
9,916
9,875
9,744
9,651
9,580
9,418

Market still got the potential to reach the ultimate destination in near future. Key advice is to reschedule your portfolios and gear up for March, 2010. Buy recommended with honoring our scrip levels for high returns.

Scrip analysis will be available on Sunday the February, 14th 2010


To see detail weekly report and KSE scrip analysis please call 0213 432 2359 or 0345-276 8680 or email us at safelyinvest@gmail.com


Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.