Morning Briefing for Thursday 22nd October, 2009

Morning Briefing for Thursday 22nd October, 2009

Mutual funds, Institutions and Foreign Investors observed selling their positions and small investor and local traders were in buying…it’s not amazing?

Net Selling Yesterday by foreign investors USD 2,782,312

KSE-100 Today: Bears are in Power – possibilities of bouncing back

Market under pressure due to ongoing terror alert and back door conspiracies.

Upcoming political development and economic measures can support the market. News regarding leverage product will also help the market.

Caution: We are in state of War.

Key Levels for KSE-100

Thursday
R 4 9540
R 3 9468
R 2 9380
R 1 9286
P.Cls 9,248
S 1 9,245
S 2 9,137
S 3 9,098
S 4 8,937
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Thanks
Khalid Saifuddin


Disclaimer: This commentary, news or key levels are not a recommendation to buy or sell, but rather a guideline to interpret 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.