Mar
02
Critics Update for KSE, Monday 02nd Mar,09
Posted by abasits | Posted in Daily KSE, KSE Advice, KSE Live Update, KSE News, KSE Predictions, Karachi Stock Exchange | Posted on 02-03-2009
AOA,
- Monday (02nd March, 2009), Karachi Stock Market has started with the 7 minute positive spell, but suddenly went to negative zone.
- It was in negative at the whole because of high selling pressure.
- In coming days, you might see some more selling pressure, so would only advise you to do long term investment in selected scripts.
- My stakes will be on Engro, PSO, POL, OGDC, DGKH and few more.
- Today P.T.C.L.A ,OGDC ,ZEAL pak cement, NIB and Azgard Nine were the top 5 leader who won the whole festival -: )
- And yes, Attock Refinery Ltd did magic today, no sellers, only buyers were out there, good for daily transition - only test for couple of days, Don’t go beyond the limits, please.
- Azgard Nine seems good as well, roll it for couple of days with the low amount- Suggestion.
- So, the market closed at -51 with the negative floating effect overall.
Will come with more updates,
Allah Hafiz.
-abs
i think the biggest blunder made by KSE managment in history of Kse was cappingthe market then closiing it,bulls and bears should have open run and we are suffering from that decision still.Over all
Stocks & Gold Markets are recovering now.Lets hope for the best for kse