Market and Index Review-Market Today-RSL Securities Limited

Karachi, July 08, 2013 (PPI-OT): On Friday market again opened in a positive side.

According to RSL Securities Limited the first pressure was seen near the level of 22,075 points. From there market saw a gradual increase and it touched the level of 22,242.23 points.

By the mid of the session market saw a consolidation near the level of 22,180 points and it closed at the level of 22,178.34 points about a gain of 211.38 points. Volumes were 355 million shares.

Today market looks to have a positive trend. The resistance should be near the level of 22,325 points.
MARKET HIGHLIGHTS:

KSE-100 Index Volume         221,985,410 
KSE-100 Index                  22,178.34 
Net Change                        211.38 
Gainers                              208
Lossers                              114
Equal                                 31
Total                                353

TOP FIVE VOLUME LEADERS
SCRIPS     PRICE    ? IN PRICE     VOLUME
KESC        7.90      0.81      70,372,500 
PTC        25.07      1.17      25,132,500 
IGIBL       2.63      0.71      16,943,000 
MDTL        4.71      0.22      16,751,000 
NBP        45.44      1.47      14,043,000 

TOP FIVE FUTURE SCRIPS VOLUMEWISE
SCRIPS       PRICE    ? IN PRICE   NO. OF CONT.
PTC-JUL      25.24        1.20      10,916 
NBP-JUL      45.76        1.66       7,315 
FCCL-JUL     14.37       (0.11)      3,826 
PPL-JUL     230.39        2.47       3,408 
EFOODS-JUL  149.05        0.94       3,390 

FIPI                Gross Buy      Gross Sell        Net Buy/(Sell)
5-Jul              505,607,754     (587,454,460)      (81,846,706) 
July 1 to Date   4,076,128,605   (3,375,634,503)       700,494,100 
Jun-13          17,123,861,557  (13,023,244,261)     4,100,617,290 
Jan 1 to Date  114,612,313,343  (73,594,534,938)    41,017,778,378 

Daily News Summary

Prime Minister Nawaz Sharif on Sunday asked a prominent Chinese company to provide suggestions and assistance in curbing power line losses, theft and pilferage in Pakistan. The Prime Minister who arrived here this morning during the third phase of his five-day official visit, held a meeting with the president of China Southern Power Grid (CSG) Zhao Jianguo.

Prime Minister Nawaz Sharif on Sunday said that he would set up a ‘China Cell’ in his office, tasked with supervision of all the development projects to be executed with the Chinese cooperation in Pakistan. He said the Cell would be of specific nature, overseeing and pursuing the execution of such development projects to steer the country out of the present issues.

Pakistan is expecting to receive about $5 billion from multilateral lenders in six months following a deal with the International Monetary Fund (IMF) and from UAE’s Etisalat on account of privatisation proceeds of Pakistan Telecommunication Company Limited (PTCL).

Federal Information Minister Pervez Rasheed said on Saturday that no electricity load-shedding would take place during Sehri, Iftar and Tarawih prayer timings in the month of Ramadan and predicted that the government would bring the price of electricity to Rs 10 per unit within three years, Dawn News reported.