Karachi Stock Exchange for 2nd October, 2009

Morning Briefing for Friday 2^nd October, 2009

Very careful and gauge the pressure

Thursday market was volatile and seems to be controlled by Bears, but I will see its closing still near the bouncing zone. Corporate announcement will play vital role today.

Trading above 9346 will bring bulls back in ring; foreign buying of 2,143,912 USD is an additional support for bulls. Bulls will get more energy over 9441. Closing below 9298 on Friday will appreciate the Bears to control the next week.

KSE-100

Key Levels

9512

9445

9384

9318

9298 - 9278

9200

ATRL – Risky (Board Meeting October, 1^st, 2009 – Waiting for announcement)

Touched the last resort and opportunity of bouncing back, corporate announcement might help.

AICL – Reached its last resort – Bouncing possibility – Sellers seems exhausted

Buying at this level recommended with stop loss of 108.

NBP – Bears will loose control, trading above the 83.65 may strengthen bulls

82.60 level accurately tested, do not panic, still hopes for Bulls

AHSL – Stay Bullish, but market trend may give some pressure, level accurately tested, do not hold if closed below 42 today

APL – Currently bearish trading close to its bottom support

349.10 Long term Support (last Resort)

Closing below 356 Get out

Trading above 360 will give hopes

JSCL Bullish still hope to achieve 45

DGKC – Bearish – Do not enter – Stay out of it

LUCK – Bearish – Do not enter – Stay out of it

Must trade and close positively to get some bullish hope

HBL-More chances of going up, right now honoring its support, trading above 124 is good

Closing below 123.25 will be bearish for the scrip

JOVC – Stay Bullish – Hold

KOHC – Currently Bearish

8.20 Strong support

MCB – Currently Bearish – Do not enter

205.30 Strong Support

OGDC – Currently Bearish – Do not enter – Buy around 104.50

PASL – Exhausted Bulls observed, trading and closing above 6.90 will be bullish

Downside trend possibilities need to observe closely on Friday

PRL – Currently Bearish – Trading and closing above 123.15 – Must out of it break 110

For further analysis for any KSE scrip

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We recommend the entry and stop loss for daily traders

Disclaimer: This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. We accept no liability whatsoever for any loss arising from any use of these levels. However the author DOES NOT GUARANTEES the accuracy of information provided on this report and is NOT RESPONSIBLE FOR ANY ERRORS AND/OR OMISSIONS.