Dhian Thursday 15th October, 2009

Dhian Thursday 15th October, 2009



Headlines:
• 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 9,835


Key Levels
10,055
9892
9,843
9,798
9710
9,667



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