Karachi Stock Exchange for this week

Don’t worry about the judges issues; Nation is capable of handling these continuous hurdles in country’s growth
Weekly Forecast for the
3rd Week of Feb 2010

Hopes begin in
Karachi Stock Exchange
Market is nothing but the daring adventure

By
Khalid Saifuddin
Friday, 12th February, 2010

KSE-100:
Traders started breathing sigh of relief after a struggling week in Karachi Stock Exchange and than we got SC and Presidency conflict right in front of market. But don’t worry fellow citizens we are capable of handling these issues since 1947.
The whole week recorded with range bound activities with the mixed sentiments of the scrips as mentioned in last week report. But eventually market recorded some encouraging activities in last two days of the week. Volumes rose by 41% with 0.03% gain in index. Under the prevailing lack luster activities no panic selling is observed from the local or foreign institutions, though the local traders were shy of getting in to the market.
Trading above 9,842 from the beginning of the coming week will strengthen the bull’s confidence. Sustained 9,800 level is giving the hopes for testing 10,000 again.
The smaller scrips were still noticed the most vibrant participant of the market, and it may bring the blue chip back into the ring.

The whole week market was around 9,815 which was also mentioned as major resistance in last week report.

Allhumdollialh the incoming foreign remittances and upcoming BOD of banking sector will trigger the market positively, Oil sector will still perform the volatile role, Cement sector will get into the volume leaders next week.

Key Levels
10,149
10,010
9,916
9,875
9,744
9,651
9,580
9,418

Market still got the potential to reach the ultimate destination in near future. Key advice is to reschedule your portfolios and gear up for March, 2010. Buy recommended with honoring our scrip levels for high returns.

Scrip analysis will be available on Sunday the February, 14th 2010


To see detail weekly report and KSE scrip analysis please call 0213 432 2359 or 0345-276 8680 or email us at safelyinvest@gmail.com


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.

Karachi Stock Exchange for 12th Feb 2010

Encouraging sentiments noticed from the beginning of the day, Market was trading close to the 9,800 level all day, and manage to sustain around it. Likely the traders get the proper interpretation of the corporate announcements. As mentioned in earlier postings that most of the announcements are close to the expectation.
Not much selling witnessed from local or foreign institutions.

We did not see much change in volumes, but at least traders are calm and not having any panic in their activities. market closing is encouraging for daily traders.

Trading above 9,830 on Friday will bring more buyers into the ring, buy, I wish market should not close below 9,750, where I am expecting some hiding bears.
Gear up for in coming BOD dates of banking sector which will energize traders.

Key Levels
10,002
9,953
9,897
9,830
9,786
9,740
9,640
9,564

Recommendations: I am still optimistic about the recommended stocks for holding.

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

http://www.allvoices.com/users/safelyinvest

Morning Call for Tuesday, 9th Feb, 2010

Morning Call for Tuesday, 9th Feb, 2010


Khalid Saifuddin
Safely Invest

Utmost Skill observed
From Bulls to Support the market
http://www.allvoices.com/users/safelyinvest


In last couple of sessions its been observed that the small share having more than 60% stake of the daily volume, well at least the support is coming from all directions. Blue chips were able to maintain their prices with continuous lack luster activities.
As mentioned in weekly report 9,815 was the crucial level, and bulls faced strong resistance around the given level on first day of the week.
Now market may face resistance around 9,868 once crossing this level traders may get opportunity of doing profit taking around 9,912.
Today trading over 9,783 will ensure traders for quick returns, and I recommend fresh buyers to take entries around 9,745 for good intraday trade, on the other hand breaking and closing below this level will bring selling pressure.
We are still not having any panic selling from foreign and local institution which is supporting the local traders to hold their positions.
SBP’s last three T-bills issues with lowered cut-off yields plus its recent reverse repo transaction of banks for T-bills and PIBs are good initiatives to develop liquidity of our banking system which will facilitate them to provide credit to our seeking-for-capital industries. This move will strengthen the liquidity system of our banks which is needed not only for credit creation but also to make dominant monetary management instruments, especially policy rate, more effective in setting the direction for commercial banks’ credit policies.

Key Levels
9,946
9,912
9,868
9,815
9,783
9,745
9,705

Recommendations: No panic, just honor the levels and stay with the trend and book your profit and hold selective stocks.

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

Disclaimer: This commentary or key levels are 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.

Traders breathing sigh of relief after a struggling week in Karachi Stock Exchange

Weekly Forecast for the
2nd Week of Feb 2010

Bulls reborn noticed in
Karachi Stock Exchange



By
Khalid Saifuddin
Friday, 5th February, 2010

KSE-100:
From the beginning of the week striving bulls noticed in Karachi stock exchange but wasn’t able to maintain the momentum, the activities of traders were low and the volume declined by 7%. The lack of interest from local and foreign institution was observed in first two days of the week, but later on FIPI started buying on attractive rates. The smaller scrips were in lime light all week, and the blue chip companies were silent.
Fundamentally strong companies manage to maintain their share price during the lack luster activities.
Market accurately tested our precise level by its weekly high and the strongest weekly support. The closing of the week was quite vibrant and market manages to close 1.62% above the earlier week.
MQM PPP conflict was another reason for keeping investors away from the trading hall. For now both parties reached to an agreement but the elevating differences between MQM and ANP may hurt trader’s confidence in coming week. In short the country’s political and economical condition is still not supporting investors to concentrate on their trading plans.
Allhumdollialh the incoming foreign remittances ensuring bulls a little bit. Corporate results of banking sector will lead buyers for new rally. Presently 9,815 is the major resistance for bulls and 9,672 is the strongest support for new developing channel.
It is recommended to analyze the power of the bulls before adding more positions to your portfolio, for the coming week market may follow the range bound activities if the prevailing political conflicts continue. Most likely we are going to see mix activities, possibly some scrip will follow their own trend instead of following the index.
Key strategy for the week will be climbing with the momentarily profit taking.

Key Levels
10,036
9,940
9,815
9,672
9,566
9,395
Market still got the potential to reach the ultimate destination in near future. Key advice is to reschedule your portfolios and gear up for March, 2010. Buy recommended on given support levels for high returns.

Scrip analysis will be available on Sunday the February, 7th 2010


To see detail weekly report and KSE scrip analysis please call 0213 432 2359 or 0345-276 8680 or email us at safelyinvest@gmail.com


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.

Karachi Stock Exchange with Hopes

Morning Call for Thursday, 4th Feb, 2010

Khalid Saifuddin
Safely Invest

Visit: http://www.allvoices.com/contributed-news/5158220-limited-activities-observed-in-karachi-stock-exchange-looking-for-trend

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

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

Exhausted Bears and Striving Bulls noticed in Karachi Stock Exchange

Weekly Forecast for the
1st Week of Feb 2010

Exhausted Bears and Striving Bulls noticed in Karachi Stock Exchange


By
Khalid Saifuddin
Farkhunda Jabeen
Saturday, 30th January, 2010

Market Expectation:
From the beginning of the Past week market was under total control of Bears, continuous selling pressure blasted on Thursday by making the low of 9,415 and this was already mentioned in last week report. The market was volatile with the low interest of local and daily traders; market lost 163 points which is 1.67% of the total index, target buying witness on Thursday low overall 46% increase in volume recorded. Corporate result wasn’t able to make difference because of major concerns like monetary policy and uncertainty of political and economic conditions of the country.
Foreign reserves declined, FIPI and local institutions decided to be sideliner.
Last two days of the weeks bulls manage to push Bears back, though the trend is still not establish the chart is waiting for one more candle to be decisive on trend.
For daily traders it is recommended to follow the index, breaking 9,568 will be more selling pressure, on the other hand breaking 9,641 will bring bulls into the market, 9,812 is the major resistance, in present scenario market doesn’t look able for crossing this resistance.
It is suggested to buy specific banks, Insurance and few from oil sector. It is also required to make room to add more on given supports.
As we are experiencing trading on levels benefit in all type of market behavior so I still see great potential for local traders by honoring the precise levels of the market. I still prefer some profit taking followed by the target buying of selective scrips.

Key Levels
9,812
9,736
9,641
9,568
9,411
9,250

Market still looks fabulous and energetic for the near future. Key advice is to reschedule your portfolios and gear up for March, 2010. Buy recommended on given support levels for high returns.







Monetary Update: Status quo maintained but credit pump is still open for private sector.

Despite 10.51% YoY CPI for Dec-09 compared to 23.3% observed in last year and to market consensus forecast of 11.8%, there has been no further reduction in policy rate due to following judgments:
• Reliance of interest rates more on liquidity rather than policy rate.
• Effectiveness of cautious monetary strategy, in the last 12 months, in controlling money supply and inflation, which can be offset, if there was executed again rate cut theme.
• Reduction of T-bills yields not to ease overall money supply but to restrain credit to pass it to government, which has always burdened inflationary pressures and caused crowding out effect – again a cautious monetary approach to discourage inflation sources and encourage private investment.

Besides, the main driver of banks’ credit off take is economy’s demand for credit which is signaling revival on back of favorable numerals of manufacturing sector. That’s why amid this demand, if SBP facilitates liquidity accessibility to private sector through its 'side approaches', it may save the banking sector and also private investors to hurt from the cautious policy rate approach. To sum up, SBP's combined approaches to facilitate investment avenues for banks should be under consideration rather than just the policy rate.

To see detail weekly report and KSE scrip analysis please call 0213 432 2359 or 0345-276 8680 or email us at safelyinvest@gmail.com


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.