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KSE Trading Updates - 24/09/2008
Posted by abasits | Posted in Daily KSE, KSE Advice, Karachi Stock Exchange | Posted on 24-09-2008
2 hours have gone and only 7 Millions shares worked out till now. If it will remain like this, then you would see another low volume record is going to break today. How Dumb!… KSE 100 index is at 8.55 Negative. It seems that no one is even bothering. After EID, we all hoping for some better change. Another aspect is Freezing policy, which can also be reviewed after few days time. So all and all, wait and see. Don’t think about selling Engro, it will go up.
This can be working senerio, but the environment is the main difference. You will see the same situation in high trade volume days, but once kick-off. Freezing Policy & Ramazan are the main reasons of current non interesting behaviour. As I discussed before that few very prominent brokage houses have very high debit acoounts which realy need to be recovered otherwise they will be in the ground, and this Freezing strategy is mainly implemented to help them. But this does not work, they are only able to stuck into one steady point without giving any sort of benefit to their targeted opponents.
Only 7 minutes reamining in KSE to finish today’s trading. Its about to break another low volume record-: ) Market closed at negative 8.76 points. Total No of trades = 2,131 with volume of 9.4 Million.
That’s it for today’s stuff, will come with more.
Allah Hafiz,
-abs
Brother , why Engro is not Going Up anymore and you are also not giving tips .
Not only engro, nothing is running nowadays. Just give some time and will see some change.
Today, as we had seen that only 2 million shares are being processed, so there is not anything to work on.
But Inshallah, in few days time it will get better.
Thanks,
-abs