Morning Call Dhian for Friday 17th, July, 2009
KSE-100 Over Bought
Market already had correction today and I am looking at more profit taking tomorrow, to stay in bullish trend market required to close above 7750, closing negatively will be weaker sign for the market.
Our level of 7670 was tested today and for Friday it may work as support again breaking this level will might take market to 140 negative points.

Recommendation: Profit taking, off load most of the scrip, some scrip still need to add more to your portfolio.
Expect some Volitality for 2 political updates
1. Meeting of Mr. Shariff with the president
2. SC decision about Mr. Shariff

Foreign Investor Portfolio
Thursday, July 16, 2009
Net Buy/(Sell)USD 292,544

July 13, 2009 to July 16, 2009
Net Buy/(Sell)USD 6,859,796
source NCCPL

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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.