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Online Live Trading Session (16/01/2009)

Posted by abasits | Posted in Daily KSE, KSE Advice, KSE Crunch, KSE Live Update, Karachi Stock Exchange | Posted on 16-01-2009

AOA !.,

Good morning but with the bad news :( , here we start:

  • Once again the -ve trend has hijacked the Market capital, and another crash occurred.
  • -249 and you can understand what would be the situation? ALL RED.
  • No of trades are quite low as well.
  • Almost every scrip is at its Lower Lock.
  • Speechless behaviour can’t express my feelings, really crazy stuff.
  • The scrip that had a superb time has also gone to negative today, SNGP.
  • Now, you tell me guys, what technical analysis or other research would do ? KSE is un-predictable, can’t even tell what would happen in day trading, so how could you easily say about long term investment ? 
  • Even the companies with the high earnings & having a good report could not save themselves from the fall. Now, the situation is same and almost each & every share is at its low, whatever you pick will definitely go to peak in 1-2 year time. ( General Philosophy )
  • KSE looks like the time when we were at freezing days, no buying, only sellers want to sell their stuff, which is a real Bad Sign. And KSE 100 index droped to 5521.96 points, going further down.
  • I think, there is nothing to say more, so I am going to sign off.
  • We hope for the better in the coming week, so keeping our fingers cross.

Will talk you soon, inshallah.
Allah Hafiz,
-abs

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Comments

  1. oh God, wats happening here? Simply no clue. I beleive there is some bad news which isn’t disclosed yet because Pak-India tension cannot be the reason…there is something which is pushing ppl to sell there holdings at such a large scale…I thought the coming decrease in discount rates at the end of this month will attract investors..but all my predictions go wrong…:(

  2. Today I have heard in a TV show that the market may come down to 2000-3000 index point….whoops do I need anything else to say?

  3. nnooo, which show ????

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