Karachi Stock Exchange with Hopes

Morning Call for Thursday, 4th Feb, 2010

Khalid Saifuddin
Safely Invest

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Limited Activities observed
In Karachi Stock Exchange

Market begins with lack luster activities because of the yesterday Sindh assembly event, all day traders were busy analyzing the consequences of breakup between the two major allies of the present government. Now the access to Rangers for law enforcement will bring sigh or relief to investors.
As earlier mentioned technically market enjoying the comfortable zone, now it is getting very close to the breakout, for the last day of this week it is required for bulls to have positive closing or at least above 9,636. On the other hand closing below 9,589 will bring some serious bears into the market.
Improved law and order situation can bring Foreign and local institutions back into the ring.

Key Levels
9,800
9,754
9,693
9,662
9,553
9,458
9,318
I recommend the intraday traders for banking and selective oil scrip for the last day of the week.

For further assistance, precise key levels of any KSE Scrip you can contact our office @ 0213-432 2359 or 0345-276 8680 or write us @ safelyinvest@gmail.com