Morning Call Thursday June 19,2008

Research Analyst
Daily Market Report Abrar Turrab

KSE-100 index could not sustain 12,500 and started decline. The benchmark Exchange Stats
kse 100 index shed 236.80 points to close at 12,261.Previous close shows
Index Close Change Volume
further slide to 11,700.
KSE All Share 8801.12 -164.49 119,971,400
Today market would under 12,500 to continue bearish move.Trade reluctance KSE100 12261.06 -236.80 100,396,100
under 12,230 would make congestion for a day or two.Only a close over KSE30 14194.45 -412.77 78,698,400
12,780 saves bull. Adv = 81 Dec = 196 Unch = 18
GLOBAL NEWS
Gold, Silver Rise on Speculation Fed Won't Raise Support Resistance Today's Range
Rates Soon Index Pivot S1 S2 R1 R2 High Low
Gold and silver rose on speculation that a slowing
KSE100 12,340 12,162 12,063 12,440 12,618 12,390 12,112
U.S. economy will deter the Federal Reserve from
raising borrowing costs, boosting the appeal of KSE 30 14,198 13,756 13,729 14,224 14,667 14,418 13,949
precious metals as alternative investments to the KSE All 8,800 8,622 8,607 8,815 8,993 8,890 8,697
dollar. Gold futures for August delivery rose $6.60, or
0.7 percent, to $893.50 an ounce on the Comex
division of the New York Mercantile Exchange. Silver
Major Gainers Major Losers
futures for July delivery rose 26.5 cents, or 1.6 Scrip Close Change Scrip Close Change
percent, to $17.34 an ounce. The price has TREET 237.00 11.07 JSCL 497.85 25.15
advanced 16 percent this year, while gold climbed KSBP 168.00 7.94 HINO 537.00 23.00
6.6 percent.
HBL 209.00 7.93 DAWH 380.00 19.48
Oil Rises as Bush Not Expecting Output Boost at
DREL 132.00 6.00 MCB 276.45 14.55
Saudi Meeting
Crude oil futures rose for the first time in four days AKDCL 117.90 5.60 ATRL 247.50 11.00
after a statement that President George W. Bush is
not expecting announcements of increased oil Top 5 CFS Scrips Top 5 Futures
production at a June 22 conference in Saudi Arabia.
Symbol Value (mln) Symbol Contracts Change
Crude oil for July delivery rose $2.67, or 2 percent, to
settle at $136.68 a barrel at 2:44 p.m. on the New NBP 4363.48 MCB-JUN 9,535 -5.00
York Mercantile Exchange. The price reached a POL 3682.78 LUCK-JUN 7,501 -4.43
record $139.89 a barrel on June 16. AHSL 3187.58 BOP-JUN 7,076 -1.16
DGKC 2448.13 NBP-JUN 6,892 -3.71
NEWS PPL 2183.47 HBL-JUN 5,393 4.12
PGovernment will not withdraw bank deposits
ISLAMABAD: An assurance to the Senate of GDR USD$ KSE Leverage Stats
Pakistan has been given that government did not
Closing $ Value $ PKR PKR
intend to withdraw its deposits from various banks in
order to keep banking sector liquidity stable. Syed MCB (1GDR=2 Shares) 8.00 269.20 Total Leverage in bln 49.29
Naveed Qamar, Federal Minister Finance assured the OGDC(1GDR=10 Shares) 18.50 124.51 Future Open Intrest in bln 16.59
upper house and thanked members of Senate UBL(1GDR=4 Shares) 5.25 88.33 CFS in bln 32.7
Standing Committee on Finance for supporting
Finance Bill’s legislative instrument with due
deliberations, recommending to the government best
Global Commodities & Currencies Global Markets
possible suggestions to be incorporated in Federal Symbol High Low Close Change Index Ch Close
Budget 2008-09. Crude oil CLN 136.88 131.82 136.27 2.26 NIKKEI 225 104.45 14452.82
Gold (GCQ) 898.10 882.50 896.10 9.20 HANG SENG 267.81 23325.80
WB gives $257m to improve power supply
Silver (SIN) 17.51 16.98 17.36 0.28 SENSEX 30 -274.59 15422.31
ISLAMABAD: The World Bank Wednesday approved
$256.85 million credit and loan to the Government of Copper(HGU) 3.7590 3.6410 3.7395 0.0890 DOW JONES -131.24 12029.08
Pakistan, designed to improve reliability and GBPUSD 1.9611 1.9478 1.9596 0.0023 S&P 500 -13.12 1337.81
efficiency of power supply. The electricity distribution EURUSD 1.5537 1.5462 1.5534 0.0017 FTSE 100 -105.00 5756.90
and transmission improvement project aims to USDJPY 108.43 107.71 107.83 -0.08
improve distribution and transmission networks to
meet increasing electricity demand and to strengthen
institutional capacity of electricity distribution Commodity Support Resistance Today's Range
companies. Pivot S1 S2 R1 R2 High Low
Gold 884.70 878.40 869.90 893.20 899.50 896.35 881.55
Silver 17.11 16.81 16.55 17.37 17.67 16.68
Crude Oil 134.37 132.83 131.13 136.07 137.61 135.22 131.98
TOP TRADED SYMBOLS SECTORIAL PERFORMANCE

TOP TRADED SYMBOLS

OGDC 4,472,000
100%

BOP 4,699,500
50%
AHSL 5,410,400

NIB 7,225,000
0%
VOLUME
DGKC 7,412,600 COMM BANKS 31,587,700
CEMENT 18,397,400
LUCK 8,540,200
POWER GEN & DISTR 13,405,300
INVEST BANKS/SEC 10,862,700
KESC 9,754,500
OIL & GAS EXP COM 7,823,100
OTHERS 37,895,200

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