Karachi Stock Exchange

Morning Call for Tuesday the 15th Dec. 2009


“Striving Bulls kicked Bears out of ring”


By Khalid Saifuddin

Monday December, 14th, 2009


KSE-100: Just got Bullish

The utmost daring activities resulted in kicking bears out of ring, sustaining 9,000 levels last week supported bulls to turn the upside down.

The fear, the depression gradually going far now, and the local investors gearing up for new rides, as I was telling you guys not to forget the last Qtr expectation, well the Dubai bail out plan and rallies in global market is not that important in my personal view.

In my last report I mentioned the rising early indication of bullish trend, that comes true today and now for the second day of the week I am not really convince of having same energy in bulls. I am feared of zone between 9.297 and 9,355. This zone can be the most resisting area for the market.

For bulls I would say trading over 9,275 all day will be good, and the new comers must think of their stop loss around 9,248.



For Medium term Investors (Clients) only

I like to congratulate our clients for accurately having their buys on targeted price of Banking, Fertilizer and Insurance sector sent on 6th, November, 19th, November and 9th, December respectively. So, get ready to calculate gains on your capital since some of our recommended scrip are very close to their first offloading target. Please do not hesitate to ask for further details on your portfolios.



Thanks and regards

Khalid Saifuddin

0345-276 8680

021-3432 2359


To receive live calls on KSE-100 Scrip and EURO/USD with stop loss, please contact us at 9221-3432 2359 or 92345-276 8680.
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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.