Aug
29
KSE Live Update: On-Going Market Advice For 29-08-2008
Posted by abasits | Posted in Daily KSE, KSE Advice, KSE Live Update, KSE News, Karachi Stock Exchange | Posted on 29-08-2008
AOA,
Inshall, we shall with the pre-open first, here we start.
Pre-Open Live Update, (keep refreshing the page by key F5)
- Scrips are at their opening rate, no interest has been shown from investors till now.
- I cant see any buyer in PSO,POL,OGDC(seller of about 27 Lac),
- I believe, little bit push is required to current KSE market. Then, we can see some recovery in market.
- We have not seen much effect of Market Freezing notice (mentioned yesterday), but some trust builing atmosphere can be seen now.
29-08-2008 First Trading Hour Live Update, (Page Refresh = F5)
- KSE 100-index opened with 5 negative.
- -15.77 negative, Alhamdulilah Ramzan is about to start and this can be the reason of low trades as well. Most of the investors are thinking to work after Ramadhan.
- -10 to -20 is the range where market is operating at the moment.
- Market can go up due to heavy MCB trade, Muqeem ( A friend of mine ) said.
29-08-2008 Second Trading Hour Live Update, (Page Refresh = F5)
- It remained under 6 negative through out this hour.
- Made no difference, dead-quite.
29-08-2008 Third Trading Hour Live Update, (Page Refresh = F5)
- Declined from positive 1.46 to negative 6.27.
- KSe 100-Index Stuck at 7 negative.
- Market need support, until and unless some heavy buying occur.
29-08-2008 - Fourth & Last Trading Hour Live Update, (Page Refresh = F5)
- -4.68 at the start of this last hour.
- Only 15 mins left in market to close, dangling around 4 negative.
- KSE 100-Index closed at 4.48 positive, another dead day finish in market histroy.
Will update it soon, and please give your valuable comments to improve this blog in more better way,Thanks.
Allah Hafiz,
-abs
