Karachi, September 24, 2013 (PPI-OT): On Monday the first day of the week market opened in a positive direction.
According to RSL Securities Limited the highest level of the market was at 23,681.13 points. But market failed to sustain the 23,600 points level. Some consolidation was seen near the level of 23,580 points.
Market again tried to achieve the previous level but again it was forced by the bear s to come down. After the mid of the session market showed a negative trend and the lowest level was 23,516.08 points. Near the end of the session market again showed a positive trend. It finally closed at the level of 23,639.97 points about a gain of 44.36 points. Volumes were 150 million shares.
Today market looks to have a positive trend. The resistance is near the level of 23,800 points and support near the level of 23,550 points.
MARKET HIGHLIGHTS: KSE-100 Index Volume 64,605,050 KSE-100 Index 23,639.97 Net Change 44.36 Gainers 171 Losers 156 Equal 44 Total 371 TOP FIVE VOLUME LEADERS SCRIPS PRICE IN PRICE VOLUME TELE 6.30 0.61 28,256,000 WTL 2.95 (0.13) 10,586,000 NBP 56.06 1.45 9,308,000 CML 4.41 0.39 6,179,500 BOP 12.73 (0.02) 5,030,500 TOP FIVE FUTURE SCRIPS VOLUMEWISE SCRIPS PRICE IN PRICE NO. OF CONT. NBP-SEP 56.16 1.43 7,045 NBP-OCT 56.53 1.80 3,524 ENGRO-SEP 150.12 (1.04) 3,302 BOP-SEP 12.73 (0.05) 2,600 DGKC-SEP 78.46 (0.29) 2,176 FIPI Gross Buy Gross Sell Net Buy/(Sell) 23-Sep 225,972,483 (215,007,080) 10,965,402 Sep 1 to Date 8,536,844,258 (7,753,609,670) 783,234,583 Aug-13 13,586,102,649 (10,836,967,085) 2,749,135,559 Jan 1 to Date 150,556,358,813 (118,187,957,850) 32,368,400,922
Daily News Summary
The telecom operators have shown serious reservations over the burden put on them by the government of Pakistan of about Rs 3.0 billion, which is an anticipated set-up cost of the newly designed SIMs biometric verification and activation system, Daily Times learnt on Monday.
DICODA has developed a Multi IMS SIM platform that will enable Pakistani mobile companies to offer an amazing service to their clients (end-users). Now when one travels abroad one will be able to keep the Pakistani SIM in the handset and on arrival in a new country automatically get a local number. Any calls or SMS to your Pakistan mobile number will be delivered to you no matter which country you are in and whichever number you are using.
The Sui Southern Gas Company (SSGC) is facing great difficulties in recovering its dues from large gas consumers such as Karachi Electric Supply Company (KESC), Pakistan Steel Mills (PSM) and others, which is negatively affecting the gas utility’s overall performance.
Food group exports from the country during first two months of current financial year swelled by 10.17 percent and reached at $682.712 million as compared to the same period of last year. During the period from July-August 2013 different food commodities worth $682.712 million were exported, which were recorded at $619.96 million in same period of last year, said the data of Pakistan Bureau of Statistics.