MQM and PPP conflict empowering Bears In Karachi Stock Exchange

Morning Call for Wednesday, 3rd Feb, 2010

Khalid Saifuddin
Safely Invest

MQM and PPP conflict empowering Bears
In Karachi Stock Exchange

Market begins with energy and excitement of bulls, most of the hours market comfortably traded around 9,650. Tough the investors were still concerned of issues, but at least they break the silence by participating excitedly.
Technically market still in a comfortable shape, but the serious conflict between the two parties of the elected government can take all the excitement out of the bulls.
Now it is very necessary to analyze the consequences of ongoing conflict and future impact on administration.
Market can get better over 9,716 and get worst below 9,550.

Still lack of Interest from Foreign investors, local institutions and traders were recorded feared selling. Elevating political and economical uncertainty can hurt the first quarter expectation of the investors.

Key Levels
9,782
9,750
9,716
9,651
9,549
9,465
9,392
9,322

I recommend the intraday traders to observe the situation very closely before getting into trade – do no wait to book their profits.

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