Karachi, October 31, 2013 (PPI-OT): MARKET HIGHLIGHTS:
On Wednesday market opened in a positive and upward side trend. The highest level of the market was at 22,400.29 points.
According to RSL Securities Limited but market was unable to sustain that level and it came down. The lowest level of the market was at 22,276.65 the same as the closing of the previous day. Market closed at a gain of almost 59.55 points and volumes were 69 million shares. Today market looks to have a positive and upward side trend. The 22,450 is the important resistance level for the market. Closing above that level will be very much critical and important.
KSE-100 Index Volume 51,168,750 KSE-100 Index 22,336.20 Net Change 59.55 Gainers 102 Losers 169 Equal 18 Total 289 TOP FIVE VOLUME LEADERS SCRIPS PRICE ∆ IN PRICE VOLUME BOP 10.19 (0.05) 8,003,000 PTC 26.00 (0.46) 6,574,000 FCCL 11.20 (0.51) 6,420,000 JSCL 7.57 (0.62) 6,334,500 ENGRO 122.72 (6.36) 4,769,500 TOP FIVE FUTURE SCRIPS VOLUMEWISE SCRIPS PRICE ∆ IN PRICE NO. OF CONT. FCCL-NOV 11.26 (0.54) 8,737 ENGRO-NOV 123.71 (6.23) 5,498 DGKC-NOV 70.20 1.33 3,634 EFFODS-NOV 81.82 (1.20) 3,011 NCL-NOV 48.86 (2.32) 2,815 FIPI Gross Buy Gross Sell Net Buy/(Sell) 22-Oct 1,275,822,548 (674,093,288) 601,729,259 Oct 1 to Date 6,555,822,926 (4,542,868,241) 2,013,014,684 Sep-13 7,323,312,718 (4,789,061,188) 2,534,251,521 Jan 1 to Date 160,754,443,447 (127,900,333,002) 32,854,110,404
Daily News Summary
The State Bank of Pakistan (SBP) will likely move into open market and commercial banks for the purchase of around $100 million in order to support the foreign exchange reserves position of the country, sources in the Ministry of Finance said on Wednesday. A dollar was traded at Rs 107.40 with an increase of 40 paisas in open market transaction while local currency closed at Rs 106.90 in interbank market against the dollar on Wednesday.
State Bank of Pakistan (SBP) has decided to phase out the old design banknote of Rs 50 and Rs 1000 denominations. The commercial/microfinance banks will stop issuance of old design banknote of Rs 50 and Rs 1000 denominations with effect from November 1, 2013 (Friday).
The award-winning Millennium Airport Hotel Dubai has just completed the current phase of its expansion programme, adding 150 new superior rooms to the existing inventory of 115. The business-focused premier four-star hotel will add a further 75 club rooms and suites before the end of the year, making a total of 341 bedrooms.
Turkish Embassy and the Lahore Chamber of Commerce and Industry (LCCI) on Wednesday decided to establish a new mechanism to promote and expedite trade between the two countries. The decision was made at a meeting between the Turkish Ambassador S Babur Girgin and the LCCI President Sohail Lashari.