By Khalid Saifuddin
May, 31st, 2009 6:00 pm
Technical Outlook:
Market moving in Bullish direction
Finally market achieved Bullish trend, though we had couple of uneven moves in past week, but market never got out of its mild bullish channel. I know few major scripts are still in Bearish trend, but these scripts will eventually follow the market trend.
Monday closing above 7287 will energize the trend, this week I see market bullish channel between 7277 and 7577.
Most of the indicator supporting the bullish trend, but some of the cycles indicating market may test its support before bouncing back.
Low range is still an issue for market; traders need to be preparing for more volatility this week. We lost 4.1 million USD from foreign investor portfolio which may provide the chance for dip in this week, buyers on dip will be the major gainers for this week.
Expected Impacts on market this week:
GST may be raised to 17%.
Electricity tariffs to be raised; subsidy to end in FY09.
SC allows Sharif brothers to contest elections.
Real estate and service sector to be taxed, government plans to increase the tax community.
IMF delayed its third tranche of US$850mn by a month due to non-settlement of key budgetary measures.
KEY Levels
Resistance
7304 - 7317
7438 - 7445
7586
7696
8028
Support
7244
7167 - 7176
7105 - 7129
7028 - 7056
6975 - 6996
Recommendations: I strongly recommend buy in most of the scripts on dips, most of the buying in this week will profit above expectation, I suggest keep buying around support levels and hold.
Recap: KSE-100 for Past week
Last week I mentioned that if market closed on Monday between 7166 and 7175 then it will establish the bullish trend, and Monday the 25th, May market closed at 7173.
As I said in my Past week forecast market will be having low volatility, we experienced only 242 points move in whole week. Market gained 130 points this week.
Pre-budget measure was the key concerns for the market, market sustained the bomb blasts in different cities; SC decision was a positive impact on market. Market was precisely observing the military operation in northern areas.
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Sunday, May 31, 2009
Wednesday, May 27, 2009
Wakeup Call for early birds - Thursday May, 28th, 2009
Wakeup Call for early birds.
Grow your investment while doing your current job posted Wednesday 11:50pm
Exhausted Bulls empowering Bears
Morning Buzz for Thursday May, 28th, 2009
Dear Trader
Low volatility is about to blast, be careful folks.
As per my earlier forecast I was bullish but not strong enough, so the time comes to fasten our seat belts for roller coaster. Market is about to decide its direction, though I am more looking at Bearish trend in last 2 days of the week but I am still not convinced for short.
I hope you guys remember my given range of the market for this week, I don’t see market going above the range.
Last but not the least the buyers seems exhausted and seller are ready to take control of the market, though we did not experience any big selling by foreign portfolio, but I expect some selling before the closing of this week.
Recommendations: “Do not Panic”
With the Bearish trend you may experience some bullish blue chips. So plan your trading strategies according to the script analysis.
Dehan for 28th May, 2009 Thursday
ATRL Bearish
BAFL Bearish
BOP Wait Bullish if traded above 12.2
ENGRO Bearish 140.55 resistance
LUCK Wait Buy on weakness
MCB Bearish
NBP Bearish need to be confirmed tomorrow
OGDC Bullish But No further buy recommend take profit on high
POL Bearish possibilities below 156.5 - Closing above 158.5 will resume the bullish possibilities
AICL Bearish
For detail script analysis please Call Saif 0345-276 8680 or Email@: safelyinvest@gmail.com
New Key Levels
Support
7175
7110
7002
6967
6852
6792
Resistance
7235
7273-7296
7440
7591
Disclaimer :This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Grow your investment while doing your current job posted Wednesday 11:50pm
Exhausted Bulls empowering Bears
Morning Buzz for Thursday May, 28th, 2009
Dear Trader
Low volatility is about to blast, be careful folks.
As per my earlier forecast I was bullish but not strong enough, so the time comes to fasten our seat belts for roller coaster. Market is about to decide its direction, though I am more looking at Bearish trend in last 2 days of the week but I am still not convinced for short.
I hope you guys remember my given range of the market for this week, I don’t see market going above the range.
Last but not the least the buyers seems exhausted and seller are ready to take control of the market, though we did not experience any big selling by foreign portfolio, but I expect some selling before the closing of this week.
Recommendations: “Do not Panic”
With the Bearish trend you may experience some bullish blue chips. So plan your trading strategies according to the script analysis.
Dehan for 28th May, 2009 Thursday
ATRL Bearish
BAFL Bearish
BOP Wait Bullish if traded above 12.2
ENGRO Bearish 140.55 resistance
LUCK Wait Buy on weakness
MCB Bearish
NBP Bearish need to be confirmed tomorrow
OGDC Bullish But No further buy recommend take profit on high
POL Bearish possibilities below 156.5 - Closing above 158.5 will resume the bullish possibilities
AICL Bearish
For detail script analysis please Call Saif 0345-276 8680 or Email@: safelyinvest@gmail.com
New Key Levels
Support
7175
7110
7002
6967
6852
6792
Resistance
7235
7273-7296
7440
7591
Disclaimer :This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Sunday, May 24, 2009
Technical Forecast for the week of 25th, to 29th, May, 2009 for KSE-100
Technical Forecast for the week of 25th, to 29th, May, 2009 for KSE-100
By Khalid Saif, Sunday May, 24th, 2009 11:30 pm
Recap: KSE-100 of Past week
Past week market moved in a range of 388 points hitting high of 7230 and low of 6841. Market lost 43.69 points compare to the previous week.
Developments: Clarification of capital market tax issue was the major positive impact for the market; some foreign buying was also experienced. Testing the low of 6841 and bouncing back sharply is the major technical reason for the bullish expectation.
Negative Impacts: As such we do not have many negative impacts for the market technically but politically we feared for most of the issues, the pre-budget statements will be on top followed by the military operation in northern area, it is also required to keep eye on global relationship on do-more exercise.
Technical Outlook:
Now we are looking more of bullish trend, provided by country’s political development, as we observed the last week market was desperately wanted to get into strong bullish trend which was intersected by the pre-budget political statements and ongoing IDP’s and Military operation issues.
Luckily market swallowed many of the negative impacts, I feel BULLISH but I am not convinced for strong bullish trend it will be most likely to be following the range of 7028 to 7296. (In case of same volatility range)
Though we have seen some foreign buying but I do not see the establish confidence in local investors. We have to be preparing for more pre-budget rumors this week.
Bullish Trend will be establish, if Monday we experience the most of the trading above 7166 and closing above 7175, trading below 7122 on Monday will discourage buyer for the week.
Market experienced low volatility this week; volatility may get higher with the political developments.
For further precise analysis of KSE-100 or any specific script of Karachi stock exchange.
Please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
We also offer live trading calls for our exclusive clients with Update on all related news which can fuse or energies the market
By Khalid Saif, Sunday May, 24th, 2009 11:30 pm
Recap: KSE-100 of Past week
Past week market moved in a range of 388 points hitting high of 7230 and low of 6841. Market lost 43.69 points compare to the previous week.
Developments: Clarification of capital market tax issue was the major positive impact for the market; some foreign buying was also experienced. Testing the low of 6841 and bouncing back sharply is the major technical reason for the bullish expectation.
Negative Impacts: As such we do not have many negative impacts for the market technically but politically we feared for most of the issues, the pre-budget statements will be on top followed by the military operation in northern area, it is also required to keep eye on global relationship on do-more exercise.
Technical Outlook:
Now we are looking more of bullish trend, provided by country’s political development, as we observed the last week market was desperately wanted to get into strong bullish trend which was intersected by the pre-budget political statements and ongoing IDP’s and Military operation issues.
Luckily market swallowed many of the negative impacts, I feel BULLISH but I am not convinced for strong bullish trend it will be most likely to be following the range of 7028 to 7296. (In case of same volatility range)
Though we have seen some foreign buying but I do not see the establish confidence in local investors. We have to be preparing for more pre-budget rumors this week.
Bullish Trend will be establish, if Monday we experience the most of the trading above 7166 and closing above 7175, trading below 7122 on Monday will discourage buyer for the week.
Market experienced low volatility this week; volatility may get higher with the political developments.
For further precise analysis of KSE-100 or any specific script of Karachi stock exchange.
Please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
We also offer live trading calls for our exclusive clients with Update on all related news which can fuse or energies the market
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Tuesday, May 19, 2009
Market Sentiment (KSE-100) for the week of 18-22 May, 2009
I am really thankful for believing me.
Your appreciation is an honor for me
Wednesday, 20th, May, 2009 3:30pm
KhalidSaifuddin
Hello Everyone,
I would like to congratulate you folks for securing your investment during the uncertain behavior of the market. I feel honor by having your appreciation for my weekly forecast (18-22 May, 2009)
I am feeling more energy when I see you believing me and my analysis. Once again I got tons of calls and emails related to my analytical report that I posted on different forums and websites.
I would like to add, the market is volatile and an ever-changing entity, presenting us every day various unique scenarios. Nevertheless, the market is more or less a reflection of people's ideas and attitudes. No matter from which angle you look at it, humans are creatures of habit and this tendency gets reflected in stock movement. It's what makes technical analysis reliable and profitable way to trade.
The ability to adjust to changing market environments is just one of the traits of a successful trader. Something that I've found helpful is taking the time to observe other successful traders and trying to identify characteristics that may have contributed to their success.
Unfortunately market failed to find the reversal trend, I do not see any opportunities for investors this week, high volatility will still be a part of the market, volumes may increase but we need to realize the market patterns are changed now, though I understand the trend is not establish yet, but it is quite enough to manage our risk management.
As I already mentioned in my weekly forecast about the fresh in coming selling pressure gaining control on buyers, now this is pretty much proved. I will call it a breakout on pattern.
Trend is still not strongly established, but market seems to be Bearish for now.
I see immense pressure on most of the scripts and I also observe some technical changes in scripts
For further precise analysis of KSE-100 or any specific script of Karachi stock exchange please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
We also offer live trading calls for our exclusive clients with
Update on all related news which fuse or energies the market
I hope you will implement all those strategies which in turn will help securing your investments.
Saif
Safelyinvest
0345-276-8680
safelyinvest@gmail.com
safelyinvest@yahoo.com
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Your appreciation is an honor for me
Wednesday, 20th, May, 2009 3:30pm
KhalidSaifuddin
Hello Everyone,
I would like to congratulate you folks for securing your investment during the uncertain behavior of the market. I feel honor by having your appreciation for my weekly forecast (18-22 May, 2009)
I am feeling more energy when I see you believing me and my analysis. Once again I got tons of calls and emails related to my analytical report that I posted on different forums and websites.
I would like to add, the market is volatile and an ever-changing entity, presenting us every day various unique scenarios. Nevertheless, the market is more or less a reflection of people's ideas and attitudes. No matter from which angle you look at it, humans are creatures of habit and this tendency gets reflected in stock movement. It's what makes technical analysis reliable and profitable way to trade.
The ability to adjust to changing market environments is just one of the traits of a successful trader. Something that I've found helpful is taking the time to observe other successful traders and trying to identify characteristics that may have contributed to their success.
Unfortunately market failed to find the reversal trend, I do not see any opportunities for investors this week, high volatility will still be a part of the market, volumes may increase but we need to realize the market patterns are changed now, though I understand the trend is not establish yet, but it is quite enough to manage our risk management.
As I already mentioned in my weekly forecast about the fresh in coming selling pressure gaining control on buyers, now this is pretty much proved. I will call it a breakout on pattern.
Trend is still not strongly established, but market seems to be Bearish for now.
I see immense pressure on most of the scripts and I also observe some technical changes in scripts
For further precise analysis of KSE-100 or any specific script of Karachi stock exchange please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
We also offer live trading calls for our exclusive clients with
Update on all related news which fuse or energies the market
I hope you will implement all those strategies which in turn will help securing your investments.
Saif
Safelyinvest
0345-276-8680
safelyinvest@gmail.com
safelyinvest@yahoo.com
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Sunday, May 17, 2009
Technical Forecast for the week 18th, to 22nd, May, 2009 for KSE-100
Technical Forecast for the week
18th, to 22nd, May, 2009 for KSE-100
By Khalid Saifuddin
May, 17th, 2009 11.30 pm
18th, to 22nd, May, 2009 for KSE-100
By Khalid Saifuddin
May, 17th, 2009 11.30 pm
Technical Outlook:
In my past forecast for last 2 weeks, I was denying the bearish trend though we had tons of political issues, and now if you look at the graph for last 2 weeks it is clearly proven that market got out of that bearish channel which was started 21st April.
Unfortunately market failed to find the strong reversal trend, and was followed a mild bullish channel with the low range, the past bullish channel was more like a sideways channel.
I do not see any big opportunities for investors this week, high volatility will still be a part of the market, volumes may increase but we need to realize about the unsolved issues, pre-budget political statements, misinterpreted governmental agreements, and I see lot more this week to be happen.
Though I was predicting good impacts of president’s visit, but that might neutralized with ongoing situation.
The big change I see is the fresh in coming selling pressure gaining control on buyers, which was not seen in my last forecast.
My pattern indicating me the big breakout this week probably Monday or Tuesday.
Trend is still not strongly established, indicating more of range bond.
Conclusion:
More chances of Bearish Market
To keep the bullish hope market required to close between 7178 – 7202 on Monday
If market follow the current channel then the range will be 7154 - 7354
For further precise analysis of KSE-100 or any specific script of Karachi stock exchange
please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
We also offer live trading calls for our exclusive clients with
Update on all related news which fuse or energies the market
Recap: KSE-100 of Past week
Past week market moved in a range of 342 points hitting high of 7434 and low of 7092. Market added 48.13 points compare to the previous week.
Developments: The significant success to Army operation against militants; the peaceful passing of May-12 in the city; and affirmation of including 12 Pakistani companies into MSCI Barra; Oil prices in international market recovered to its six months high of $59 per barrel this week; Foreign investor injected about five million dollars in the last two consecutive sessions, following MSCI announcement;Negative Impacts: Massive outflow of foreign portfolio investment (USD $11 million); Low turnover; Lack of investor’s confidence; Supreme Court’s decision regarding 20% reduction in POL prices has also kept the local institutions on the sideline.; Net foreign selling is highlighting institutional investors concern on Pakistan law and order situation;
In my past forecast for last 2 weeks, I was denying the bearish trend though we had tons of political issues, and now if you look at the graph for last 2 weeks it is clearly proven that market got out of that bearish channel which was started 21st April.
Unfortunately market failed to find the strong reversal trend, and was followed a mild bullish channel with the low range, the past bullish channel was more like a sideways channel.
I do not see any big opportunities for investors this week, high volatility will still be a part of the market, volumes may increase but we need to realize about the unsolved issues, pre-budget political statements, misinterpreted governmental agreements, and I see lot more this week to be happen.
Though I was predicting good impacts of president’s visit, but that might neutralized with ongoing situation.
The big change I see is the fresh in coming selling pressure gaining control on buyers, which was not seen in my last forecast.
My pattern indicating me the big breakout this week probably Monday or Tuesday.
Trend is still not strongly established, indicating more of range bond.
Conclusion:
More chances of Bearish Market
To keep the bullish hope market required to close between 7178 – 7202 on Monday
If market follow the current channel then the range will be 7154 - 7354
For further precise analysis of KSE-100 or any specific script of Karachi stock exchange
please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
We also offer live trading calls for our exclusive clients with
Update on all related news which fuse or energies the market
Recap: KSE-100 of Past week
Past week market moved in a range of 342 points hitting high of 7434 and low of 7092. Market added 48.13 points compare to the previous week.
Developments: The significant success to Army operation against militants; the peaceful passing of May-12 in the city; and affirmation of including 12 Pakistani companies into MSCI Barra; Oil prices in international market recovered to its six months high of $59 per barrel this week; Foreign investor injected about five million dollars in the last two consecutive sessions, following MSCI announcement;Negative Impacts: Massive outflow of foreign portfolio investment (USD $11 million); Low turnover; Lack of investor’s confidence; Supreme Court’s decision regarding 20% reduction in POL prices has also kept the local institutions on the sideline.; Net foreign selling is highlighting institutional investors concern on Pakistan law and order situation;
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Thursday, May 14, 2009
Wakeup Call for early birds
Foriegn Investor Portfolio
Grow your investment while doing your current job
Exhausted Bulls empowering Bears
Morning Buzz for Friday, May, 15th, 2009
Dear Trader
Market still not able to decide its direction, as we got most of the issues still in a pipeline, We still not losing hope for the bullish bounce, but we are getting close to the bearish trend gradually, i suggest traders to remain calm and avoid entering market in first session.
Market closed on 7142 today,
For Bullish trend it is good to trade above 7120 in early hours of Friday, well we got the support at 7085 (as already given in weekly update earlier) and I already mentioned earlier this support is a weaker support. keep your doubt open here.
Last hope for the market is between "7044 and 7027"
once the market breaks the last hope with the pressure, I will suggest trader to offload positons and buy back on long-term support (given in weekly update)
I can see a stronger resistance zone 7185 - 7196, if the bulls crosses this hurdle then we find the next resistance arround 7254 - 7267
Foriegn investor are not showing any panic.
Recommendations: Most of the scripts are under pressure right now, I am not Recommending short in most of the scripts, I am still encouraging buy in few scripts.
" Do Not Panic"
For detail script analysis please Call Saif or Email @: safelyinvest@gmail.com
Exhausted Bulls empowering Bears
Morning Buzz for Friday, May, 15th, 2009
Dear Trader
Market still not able to decide its direction, as we got most of the issues still in a pipeline, We still not losing hope for the bullish bounce, but we are getting close to the bearish trend gradually, i suggest traders to remain calm and avoid entering market in first session.
Market closed on 7142 today,
For Bullish trend it is good to trade above 7120 in early hours of Friday, well we got the support at 7085 (as already given in weekly update earlier) and I already mentioned earlier this support is a weaker support. keep your doubt open here.
Last hope for the market is between "7044 and 7027"
once the market breaks the last hope with the pressure, I will suggest trader to offload positons and buy back on long-term support (given in weekly update)
I can see a stronger resistance zone 7185 - 7196, if the bulls crosses this hurdle then we find the next resistance arround 7254 - 7267
Foriegn investor are not showing any panic.
Recommendations: Most of the scripts are under pressure right now, I am not Recommending short in most of the scripts, I am still encouraging buy in few scripts.
" Do Not Panic"
For detail script analysis please Call Saif or Email @: safelyinvest@gmail.com
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Call Saif for further assistance 0345-276 8680 or 021-432 2359 or email safelyinvest@gmail.com
Call Saif for further assistance 0345-276 8680 or 021-432 2359 or email safelyinvest@gmail.com
Foriegn Investor Portfolio
Net Buy USD $ 608,515
Saturday, May 9, 2009
Karachi Stock Exchange (KSE-100) Forecast for the week of 11-15, May 2009
Technical Outlook:By: Khalid Saifuddin
May, 10th, 2009 Sunday: 5:00 AM
Last week market closed at break-even point, technically the candle formation and the patterns indicating a breakout, which is an indication of reversal of the previous trend.
Since previous trend was bearish, now I am looking at the bullish trend, well that’s true it is still early to say bullish as we got couple of issues which is not clearly resolved.
The exhausted sellers also support the trend reversal, I am not worried of decreasing volume and foreign investor’s positions; I also believe Market will not take any pressure of Taliban and the operation against extremist.
Market is only concern to current development on President’s US visit, and investors are waiting for updated US policy for Pakistan, we are also having good news regarding the 12th may strike. As per my experience Friday behavior was mostly because of the fear of 12th may and as it was last trading day, that’s why most of the traders try to offload their positions. The volumes were squeezed because the institutions were sitting out of the ground and local investors were shy of the situation. For me the upcoming big event for the market will be Budget.
We will see the great participation of local investors this week.
Stay away from rumors and I will not recommend any short this time, I encourage investors for timely buy, add positions on all major supports.
Good prospects for refineries, Cement, Bank and Funds
Market Technically:
Market Bullish zone for the week can be 7180 to 7527
Market must close around 7150 on Monday to remain bullish
As we the strike call is taken off so we can add more points to the market
For further precise analysis of KSE-100 or any specific script of Karachi stock exchange please contact @ safelyinvest@gmail.com or Call: 0345-276 8680
We also offer live trading calls for our exclusive clients.
We also offer live trading calls for our exclusive clients.
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Market Newsroom
Shells profit declines in first quarter: Shell Pakistan Limited has earned Rs 374.140 million as profit after tax in the first quarter ended March 31, 2009 as compared to Rs 962.319 million in the corresponding period in 2008. The board of directors of the company in its meeting held on Wednesday declared that the companys earning per share stood at Rs 5.46 in the period under review against Rs 14.05 in the same period a year back.
Non-performing loans hurting banks severely
Target set in Trade Policy at $22 billion unachievable
SBP chief leaves for Dubai for IMF talks
ISLAMABAD (updated on: May 09, 2009, 20:24 PST): Managing Director Pakistan Electric Power Company (PEPCO) Tahir Basharat Cheema on Saturday said that feasibility study of Tarbela IV extension project has been completed and the development work will be started soon to generate 900 MW electricity.
Wheat production expected to break records. Labourers unload wheat from a delivery van at a Wheat Procurement Centre.—APP ISLAMABAD: Wheat production in the country appears set to surpass even the most optimistic of estimates.
Meezan Bank takes part in Wheat Procurement Financing for Government of Punjab
Very constructive' talks in Washington will bring additional support from the international community: US State department. WASHINGTON: The US State Department said on Friday that `very constructive' and `very substantive' talks held in Washington this week would bring additional support for Pakistan from the international community. The department's spokesman Robert Wood said the Obama administration was also urging US lawmakers and their staff to work quickly to provide economic support to the government of Pakistan.
US Agri Dept to aid Pakistan, Afghanistan: WASHINGTON (APP) - Agriculture Secretary Tom Vilsack Friday announced plans for $27.5 million in international assistance under US Department of Agriculture' s Food for Progress Program for Pakistan and Afghanistan.
Pressure on balance of payments
WB survey portrays dismal export growth
ISLAMABAD: World Bank (WB) warned Pakistan's exports are likely to continue to fall sharply in 2009, which will translate into a decline in Pakistan's export growth. This will put pressure on Pakistan's external balance and complicate growth recovery, according to WB's Pakistan Economic released recently.
Budget to be placed on 4 pillars to bail economy out of crisis: ISLAMABAD: The forthcoming federal budget 2009-10 would be based on four pillars aimed at reducing macroeconomic imbalance, improving equity and efficiency of public finances, enhancing competitiveness of economy and improving social safety nets, official sources told Daily Times on Friday.
According to a World Bank analysis, Pakistan's macroeconomic imbalances are rooted in the sharp rise in international prices of oil and food in 2007-08, combined with policy inaction and internal political turmoil. To avoid a balance of payments crisis and default on foreign debt payments, the authorities developed the stabilisation programme, which was supported by the IMF through a 23-month Stand-By Arrangement (SBA) in November 2008. The programme includes a medium-term macroeconomic framework with fiscal and monetary tightening to bring down inflation and reduce the external current account deficit to sustainable levels. At the first quarterly review of the SBA in February 2009, the stabilisation programme remained on track.
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Market Newsroom
Shells profit declines in first quarter: Shell Pakistan Limited has earned Rs 374.140 million as profit after tax in the first quarter ended March 31, 2009 as compared to Rs 962.319 million in the corresponding period in 2008. The board of directors of the company in its meeting held on Wednesday declared that the companys earning per share stood at Rs 5.46 in the period under review against Rs 14.05 in the same period a year back.
Non-performing loans hurting banks severely
Target set in Trade Policy at $22 billion unachievable
SBP chief leaves for Dubai for IMF talks
ISLAMABAD (updated on: May 09, 2009, 20:24 PST): Managing Director Pakistan Electric Power Company (PEPCO) Tahir Basharat Cheema on Saturday said that feasibility study of Tarbela IV extension project has been completed and the development work will be started soon to generate 900 MW electricity.
Wheat production expected to break records. Labourers unload wheat from a delivery van at a Wheat Procurement Centre.—APP ISLAMABAD: Wheat production in the country appears set to surpass even the most optimistic of estimates.
Meezan Bank takes part in Wheat Procurement Financing for Government of Punjab
Very constructive' talks in Washington will bring additional support from the international community: US State department. WASHINGTON: The US State Department said on Friday that `very constructive' and `very substantive' talks held in Washington this week would bring additional support for Pakistan from the international community. The department's spokesman Robert Wood said the Obama administration was also urging US lawmakers and their staff to work quickly to provide economic support to the government of Pakistan.
US Agri Dept to aid Pakistan, Afghanistan: WASHINGTON (APP) - Agriculture Secretary Tom Vilsack Friday announced plans for $27.5 million in international assistance under US Department of Agriculture' s Food for Progress Program for Pakistan and Afghanistan.
Pressure on balance of payments
WB survey portrays dismal export growth
ISLAMABAD: World Bank (WB) warned Pakistan's exports are likely to continue to fall sharply in 2009, which will translate into a decline in Pakistan's export growth. This will put pressure on Pakistan's external balance and complicate growth recovery, according to WB's Pakistan Economic released recently.
Budget to be placed on 4 pillars to bail economy out of crisis: ISLAMABAD: The forthcoming federal budget 2009-10 would be based on four pillars aimed at reducing macroeconomic imbalance, improving equity and efficiency of public finances, enhancing competitiveness of economy and improving social safety nets, official sources told Daily Times on Friday.
According to a World Bank analysis, Pakistan's macroeconomic imbalances are rooted in the sharp rise in international prices of oil and food in 2007-08, combined with policy inaction and internal political turmoil. To avoid a balance of payments crisis and default on foreign debt payments, the authorities developed the stabilisation programme, which was supported by the IMF through a 23-month Stand-By Arrangement (SBA) in November 2008. The programme includes a medium-term macroeconomic framework with fiscal and monetary tightening to bring down inflation and reduce the external current account deficit to sustainable levels. At the first quarterly review of the SBA in February 2009, the stabilisation programme remained on track.
Wednesday, May 6, 2009
Great Closing and Great Trading today (KSE-100)
Congrats on your great trading dayWednesday, 6th, May, 2009 11:30pm
Hi Everybody
I really like to congratulate you guys for having great trading today, I got tons of calls and emails regarding the analysis report I posted last night on different forums and websites. I just like to add one thing here, as per my trading experience most losses occur right after the jackpots, so please make sure you are equipped with your stop losses and you are firm on your trading strategies.
The market is an ever-changing entity, presenting us every day with different and unique scenarios. Nevertheless, the market is more or less a reflection of people's ideas and attitudes and while it is also true that no two people are alike, each and every one of us has something in common with someone else, Additionally, we tend to repeat actions such as preferring to brush our teeth at a certain time of day or making sure we try to catch the Thursday night prime time television shows. No matter which angle you look at it from, humans are creatures of habit and this tendency gets reflected in stock movement. It's what makes technical analysis a reliable and profitable way to trade.
The ability to adjust to changing market circumstances is just one of the traits of a successful trader. In truth though, there are quite a few. Something that I've found helpful is taking the time to look at other successful traders and trying to identify characteristics that may have contributed to their success.
I hope you will implement all those strategies which helps you secure your investment.
Saif
Safelyinvest
0345-276-8680
safelyinvest@gmail.com
safelyinvest@yahoo.com
Tuesday, May 5, 2009
Morning call for Wednesday 5th, May, 2009 Karachi Stock Exchange (KSE-100)
KSE is about to make quick turn
May, 5th, 2009 7:45pm
By Saifuddin Khalid
As I mentioned in my weekly update, Monday and Tuesday will be volatile and difficult, now onwards I am looking at little better trading in remaining days of the current week. I am looking at some reversal trend for tomorrow, though we are still surrounded by unsolved political crisis.
Again I can loudly say that do not short.
If you are a secure trader or you do not like to take high risks, stay away for a while the trend is not established yet.
If market traded over 7018 most of the hours with volume then take a chance for Bull Run.
Contact for specific Script Analysis and for further detail
Saif @ 0345-276 8680 or safelyinvest@gmail.com, safelyinvest@yahoo.com
Disclaimer
May, 5th, 2009 7:45pm
By Saifuddin Khalid
As I mentioned in my weekly update, Monday and Tuesday will be volatile and difficult, now onwards I am looking at little better trading in remaining days of the current week. I am looking at some reversal trend for tomorrow, though we are still surrounded by unsolved political crisis.
Again I can loudly say that do not short.
If you are a secure trader or you do not like to take high risks, stay away for a while the trend is not established yet.
If market traded over 7018 most of the hours with volume then take a chance for Bull Run.
Contact for specific Script Analysis and for further detail
Saif @ 0345-276 8680 or safelyinvest@gmail.com, safelyinvest@yahoo.com
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
Weekly Forecast for KSE-100
(May 4th, to 8th, 2009)
By: Saifuddin Khalid
Saturday, May 2, 2009 8:00pm
Karachi Stock Exchange still looking for its direction
Technical Outlook:
I am still close to the past week analysis, as we did not get any positive changes in last week. Though we lost around 400 points this week, but the buyer still excited and trust me I can feel the eager of investors to get into the market.
Monday is very important and its closing will might help us in finding the new trend. As we have more indications of bearish trend pertaining the last 2 weeks data.
If the market keep the index above 7215 most of the hours on Monday, that will help market to get back on its path. I will not recommend any short on Monday, though I see market will surely testing 7188 in the early hours.
I found some indications of reversal trend which is surely related to the investor’s confidence. I am still optimistic and not calling it bearish trend until I see the Monday closing.
As I am not confirmed on any of trend right now, so I am giving you two ranges of the market this week. (One of these might get confirmed on Monday closing)
Major trading range in case of bullish trend will be: 7675 - 7150
Major trading range in case of bearish trend then the range will be: 7297 - 6625
Volumes getting lower as we experienced in past week and I do not see any reason for increase volume
Key Levels 4 Week
Support Resistance
7188-7200 7675
7120-7140 7466-7478
7061 7325-7343
7005 7270-7296
Long-term Supports
6800 and 6625
Weekly Forecast for KSE-100
(May 4th, to 8th, 2009)
By: Saifuddin Khalid
Saturday, May 2, 2009 8:00pm
Karachi Stock Exchange still looking for its direction
Technical Outlook:
I am still close to the past week analysis, as we did not get any positive changes in last week. Though we lost around 400 points this week, but the buyer still excited and trust me I can feel the eager of investors to get into the market.
Monday is very important and its closing will might help us in finding the new trend. As we have more indications of bearish trend pertaining the last 2 weeks data.
If the market keep the index above 7215 most of the hours on Monday, that will help market to get back on its path. I will not recommend any short on Monday, though I see market will surely testing 7188 in the early hours.
I found some indications of reversal trend which is surely related to the investor’s confidence. I am still optimistic and not calling it bearish trend until I see the Monday closing.
As I am not confirmed on any of trend right now, so I am giving you two ranges of the market this week. (One of these might get confirmed on Monday closing)
Major trading range in case of bullish trend will be: 7675 - 7150
Major trading range in case of bearish trend then the range will be: 7297 - 6625
Volumes getting lower as we experienced in past week and I do not see any reason for increase volume
Key Levels 4 Week
Support Resistance
7188-7200 7675
7120-7140 7466-7478
7061 7325-7343
7005 7270-7296
Long-term Supports
6800 and 6625
Political impact on Market:
Anti-Taliban action in Northern area remained a major concern for both local and foreign investors while support of state-run funds gripped the market throughout the day to absorb panic selling on the prevailing security situation in the country despite the overwhelming results in oil, banks and fertilizer sectors.
As we had major political concerns which caused major decline of public interest in the market last week and unfortunately few more issues added to the country’s political situation.
The northern area crisis is still under paramilitary operation and negotiations.
We also got Karachi violence and its reflection to the economy; it will hurt confidence of the daily trader. Moreover the politicians still not yet decided on 12th, May
Recommendations:
Do not short on Monday; expect some high volatility on Monday and Tuesday, Wednesday onward market will gets into normal behavior. I will prefer buying on given support levels, and short term selling on resistance levels. Volume squeezes, the buying pressure may initialize this week. There are more chances of reversal trend rather going down further.
Disclaimer
This report is prepared solely for information and data purposes. The above is not recommendation to buy or sell. 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.
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