Dhian for KSE-100 Thursday 15th October, 2009
Headlines:
· Shooting events in Lahore killing innocent citizens
· Explosion in Kohat this morning
· Agriculture sector, bourses to be taxed within three years, National Assembly told
· Gilani, Putin vow to boost economic ties
· Oil, gas exploration, power sectors: Prime Minister promises investors good returns
· POL discovers gas in Maramzai
· Nishat Power Limited - New power on the horizon
· $11.406 billion loans obtained from IMF since 1958: Tarin
· 481,110 USD added to FIPI on 14th, Oct, 2009
· Germany re-opens investment guarantees
· Thar Coal worth $14,014 billion (atleast)
· First F-16 C/D aircraft rolls out at LM Aero facility
· Kashmir glaciers shrinking at ‘alarming’ pace
· Kerry promises to ‘clarify’ clauses: Qureshi pushes US on controversial aid bill
· IMF projects GDP flat at two percent
I am happy at least traders are stop discussing the client level margin; well I still see opportunity of dip in market, now the Blast in Kohat and couple of shooting events in Lahore can be a reason for current downside movement but I don’t think it gonna stay long, and eventually this will benefit the new buyers. As I pointed out earlier the level of 9,843 will be decisive level for the market. I think we are almost out of correctional trend and I am sure this week closing will clarify lot of things and establish the market trend! Inahallah. I am pretty much optimistic about the approval of Kerry-Lugar Bill.
High 9,936
Low 9,781
Current 9,825
Key Levels
10,055
9892
9,843
9,798
9710
9,667