Karachi Stock Exchange for Friday 12th Feb 2010

Encouraging sentiments noticed from the beginning of the day, Market was trading close to the 9,800 level all day, and manage to sustain around it. Likely the traders get the proper interpretation of the corporate announcements. As mentioned in earlier postings that most of the announcements are close to the expectation.
Not much selling witnessed from local or foreign institutions.

We did not see much change in volumes, but at least traders are calm and not having any panic in their activities. market closing is encouraging for daily traders.

Trading above 9,830 on Friday will bring more buyers into the ring, buy, I wish market should not close below 9,750, where I am expecting some hiding bears.
Gear up for in coming BOD dates of banking sector which will energize traders.

Key Levels
10,002
9,953
9,897
9,830
9,786
9,740
9,640
9,564

Recommendations: I am still optimistic about the recommended stocks for holding.

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